Monday, November 8, 2010

Nov 08 2010

Not my kind of day at all, disjointed and patternless. Realized it early after two stops and ceased activity to avoid digging the hole.

Session Time: Mon Nov 08 00:00:02 2010
[08:05] {_flautero} Good morning all :)
[08:05] {nemo} HELLO
[08:07] {_flautero} SOLR daily breakout
[08:11] {magoo} mornink comrades
[08:12] {nemo} did you get the pictures mags?
[08:13] {magoo} dunno, was away all weekend, where u send them
[08:14] {nemo} dcc mags
[08:19] {_flautero} SOLR premarket here if 9.98 stop 9.70
[08:22] {nemo} there goes solr
[08:23] {Threei}  SOLR To repurchase and retire 26.5M shares at $7.66/shr (approx 18% of shares outstanding); Raises FY11 EPS est to $1.08-1.18 v $0.90e
[08:23] {_flautero} 1:1 SOLR
[08:23] {Threei}  SWKS Raymond James Cuts SWKS to Outperform from Strong Buy, price target: $26
[08:23] {_flautero} i still have 1/4 of my position in SOLR
[08:24] {Threei}  good morning
[08:24] {_flautero} 10.10 ill sell all
[08:24] {_flautero} hi Threei how are u
[08:24] {Threei}  will these idiots ever stop pushing ans pulling the clock...
[08:25] {davd} hi all.  awfully light this morning
[08:26] {Threei}  15 years ago I didn't care - they moves a clock, I wouldn't even notice,
[08:26] {Threei}  now the clock moves abut I stay behind for weeks if not months
[08:26] {Threei}  my comnclusion - they started moving it farther
[08:27] {davd} hi threei - do you have anything written on internet speed, i.e. is my current setup good enough?
[08:28] {nemo} how fast is it davd?
[08:28] {Threei}  no davd
[08:28] {davd} its called cablevision optimum online.  claims to be 18mg per second down
[08:29] {Threei}  that's more than enough
[08:29] {davd} iif i were sitting at a goldman sachs trading desk, would i see the quotes earlier than i would sitting here using fidelity active trader pro?
[08:29] {nemo} you can check the speed in many places, just type in "Bandwith testing" in a browser, or search engine, and pick a site
[08:30] {nemo} probably
[08:30] {davd} thanks nemo. great
[08:30] {Threei}  well, your nottleneck is not so much your internet as fidelity
[08:30] {Threei}  it's not the fastest broker
[08:30] {nemo} also, if you are running a hardware router with a firewall, and windows firewall, shut off windows firewall
[08:31] {davd} whos the fasted broker that I (avg. Joe) can join? e.g. schwabb, etrade...?
[08:32] {nemo} LASER or LIGHTSPEED
[08:32] {Threei}  yikes
[08:32] {nemo} what
[08:32] {nemo} ?
[08:32] {Threei}  those you list are as bad or worse
[08:32] {nemo} not me?
[08:32] {Threei}  schwabb, etrade
[08:32] {Threei}  lol, no
[08:33] {davd} ok, will check out.
[08:33] {Threei}  davd, inquire at http://www.realitytrader.com/laser.html
[08:34] {Threei}  dcepending on your trading style they may or may not be able tyo help but what do you stand to lose
[08:34] {davd} ii
[08:36] {Threei}  dollar nice gap
[08:42] {davd} high of all of last week on uup was 22.32. current uup is 22.3 by 22.31
[08:43] {magoo} vad, what symbol?
[08:43] {magoo} [08:35] {&Threei}  dollar nice gap
[08:43] {Threei}  it starts shaping up as I expected - major rally for a buck
[08:43] {Threei}  UUP mags
[08:44] {magoo} ok, had that
[08:44] {magoo} can that move like gld?
[08:44] {magoo} like oints
[08:44] {magoo} pints
[08:45] {magoo} SIGH
[08:45] {magoo} points
[08:48] {Threei}  no
[08:48] {jfjf64} mornin
[08:48] {Threei}  hey jf
[08:49] {jfjf64} hey hey
[08:50] {jfjf64} why ya  talkin bad  bout  schwab
[08:50] {jfjf64} my boy  charli
[08:50] {jfjf64} lol
[08:50] {Threei}  sorry
[08:50] {Threei}  very sorry
[08:51] {jfjf64} for real  thinkin  coming over to  laser
[08:52] {jfjf64} question do  you  hv  to  hv  25 in acct  to  trade    laser
[08:52] {nemo} depends on what kind of account you open jf...retail, or not retail ;)
[08:53] {jfjf64} follow  talk  later  ty
[08:54] {Threei}  not necessary jf
[08:54] {davd} msft weak because balmer sold 12% of his stake.
[08:55] {jfjf64} ok   we wont  talk  later
[08:55] {Threei}  rofl
[08:56] {Les} morning. we in time sync again are we...
[08:57] {magoo} news ASH boss?
[08:59] {Threei}  hey Les
[09:00] {Les} vad :)
[09:00] {Threei}  not that I see mags
[09:03] {Threei}  (IR) EU's Juncker: Ireland can avoid emergency funding if it meets budget goals
[09:07] {Threei}  (EU) Preview: Dealers awaiting the most recent settlements on the ECB Gov't Bond purchases
[09:07] {Threei}  - The amount of settlements will be provided when the ECB calls for bids in its main refi operation around 9:30am ET (14:30 GMT)
[09:07] {Threei}  **Reminder: On Nov 4th President Trichet did confirm the
[09:07] {Threei}  ECB had recently restarted purchases of sovereign bonds.
[09:07] {Threei}  - After nearly three weeks of staying on the sidelines there were multiple reports indicating the ECB stepped in to buy mostly Irish 2- and 5-year bonds as well as small amounts of Greek and Portuguese paper.
[09:11] {Threei}  larisa :)
[09:11] {larisa} gm :)
[09:12] {Threei}  that was preemptive stri... umm, greeting
[09:16] {Threei}  hmmm
[09:16] {Threei}  GASS Signs charter arrangements for three vessels
[09:16] {Threei}  text is even better:
[09:17] {Threei}  StealthGas Inc Signs charter arrangements for three vessels
[09:17] {Threei}  - Commencing in early November 2010, the Gas Moxie will commence a series of fixtures covering the period up to the 1st week December 2010.
[09:17] {Threei}  - Commencing November 2010, the Gas Evoluzione will commence a nine month time charter to a state owned natural gas company. The charterer has an option, to be declared in April 2011, to extend the charter for further three months duration.
[09:17] {Threei}  - Commencing June 2011, the Gas Sincerity will commence three year bare boat charter to an international gas operator.
[09:17] {Threei}  the Gas Sincerity...
[09:18] {RonS} howdy doody all :)
[09:19] {Threei}  ron :)
[09:20] {khaln} g morning
[09:20] {Threei}  khaln :)
[09:23] {ese} morning
[09:23] {Threei}  ese :)
[09:24] {Threei}  opening volatility gamblers, look at SOLR as possible spike candidate
[09:24] {Threei}  I for one prefer to wait for pullback
[09:28] {Les} pullback in a stock or in the indexes vad?
[09:29] {Threei}  keeping LVS on radar with short idea in mind
[09:29] {Threei}  stock
[09:29] {nemo} aig had energy of late, running up againzt premarket resistance, bull flag on 5 minute
[09:29] {jfjf64} ditto
[09:31] {magoo} lvs pummeled
[09:32] {Les} .53 lvs pivot support
[09:32] {Les} solr pullback
[09:33] {Threei}  *ECB HAD BOT 711M IN SETTLEMENTS FOR ITS GOV'T BOND PURCHASES; TO DRAIN  IN NEXT 7-DAY TERM DEPOSITY TENDER
[09:34] {Les} dt jdsu?
[09:34] {Threei} Long Setup:  SOLR  .65 break
[09:34] {Threei}  if holding .50
[09:35] {Threei}  let's modify to .60 break
[09:36] {magoo} in
[09:36] {_flautero} in
[09:37] {Threei}  should be good for 1:2 at least if works
[09:37] {Threei}  nope
[09:37] {_flautero} stop
[09:39] {dino} gm all
[09:39] {Threei}  dino :)
[09:41] {Threei}  ALTH Ticks higher on takeover chatter
[09:43] {nemo} dino fsys coming into support
[09:43] {Threei} Short Setup: RIMM  .60 break half lot
[09:45] {magoo} in
[09:46] {magoo} jesus out
[09:46] {Threei}  no go
[09:46] {dino} thx nemo
[09:46] {Threei}  rinse?
[09:47] {magoo} dunno, mkt was headed down, it up
[09:47] {Threei}  yeah
[09:47] {Threei}  still does
[09:47] {Threei}  not a rinse
[09:48] {Threei}  very rare that RIMM was moving against the market
[09:50] {jfjf64} rig
[09:50] {jfjf64} wow
[09:55] {Threei}  DNDN Hearing DB makes positive comments, reiterates Buy rating (timing uncertain) (33.97, -1.10, -3.14%)
[09:55] {jfjf64} mips  bounce  ??
[09:56] {Threei}  GLD crash
[09:57] {ese} wcrx dino.....beats but soft on rev's   2 beans and a bit dn
[09:57] {Threei}  no MIPS
[09:58] {Threei}  looks lower to me
[09:58] {jfjf64} ty
[09:58] {Threei}  if loses .25, much lower
[09:59] {magoo} u got a short call on it
[09:59] {Threei}  no
[10:00] {Threei}  discretionary one
[10:01] {Threei}  better now
[10:01] {Threei} Short Setup: MIPS  .25 break
[10:01] {Threei}  if stays under .35
[10:02] {jfjf64} why  better  now
[10:03] {ese} anyone got a short report on WCRX
[10:03] {jfjf64} longer  consolidation
[10:03] {Threei}  right
[10:03] {Threei}  invalidated
[10:03] {jfjf64} dogs  with  fleas
[10:04] {RonS} wcrx 5.1 mil sh short
[10:04] {Threei}  LVS watching for bounce
[10:06] {Threei}  jumped with no setup
[10:06] {ese} tks ron.....how many days to cover
[10:07] {nemo} in ups .36
[10:07] {jfjf64} caught  it
[10:07] {jfjf64} yahoo
[10:07] {jfjf64} ty
[10:07] {Threei}  :)
[10:07] {jfjf64} in.85
[10:07] {jfjf64} out  51.10
[10:07] {Threei}  wtg
[10:07] {jfjf64} yeah
[10:07] {jfjf64} jf  happy
[10:07] {RonS} 1.4 but measure is off today's vol ese
[10:08] {ese} tks
[10:08] {jfjf64} grrrrrrrrrrrrrrrrrrrrr
[10:11] {Threei} Long Setup:  RIMM  .85
[10:12] {Threei}  if stays above .80
[10:12] {Threei}  invalidated
[10:13] {davd} uup above last weeks high
[10:13] {Threei}  yuo
[10:13] {Threei}  my owrld is good again
[10:13] {Les} ?
[10:13] {Les} translation please
[10:13] {Les} :P
[10:13] {Threei}  didn't I forecast dollar rally?
[10:14] {Les} yes but when I go looking at YUO I have to ask wtf
[10:14] {davd} when uup breaks .7 it is a rally
[10:15] {Les} just having a dig vad :)
[10:18] {ese} L crus .82
[10:22] {RonS} pomo underway...unusually run came 10 minutes before start...the same could be for a selloff...10:50 ish
[10:23] {Threei}  a ,lot of strange disconnects today
[10:23] {Threei}  market drops, LVS spikes
[10:23] {Threei}  RIMM is out of tune too
[10:23] {Threei}  so is CAT
[10:24] {RonS} sohu monster +4.76
[10:25] {RonS} sohu +5.07
[10:26] {RonS} sohu +5.44
[10:27] {ese} not to mention my quotes have been cut off.......
[10:27] {Threei}  ouch
[10:27] {ese} hell crus anyone?
[10:27] {Threei}  13.86
[10:27] {ese} tks
[10:28] {Threei}  .87
[10:28] {_flautero} wow SOHU
[10:28] {ese} tks vad
[10:29] {ese} ahhhhh back
[10:29] {ese} just in time not to make any money
[10:30] {magoo} u see a short in sohu boss?
[10:31] {Les} god no
[10:31] {larisa} lol
[10:31] {Threei}  looking at its speread, I don't want to say a single word about it
[10:31] {_flautero} lol
[10:31] {Threei}  you'll get killed on simple tick
[10:32] {magoo} rimm short setuop?
[10:33] {Threei}  not rea;;y
[10:34] {RonS} new c5de
[10:34] {dino} magoo dcc
[10:34] {RonS} code
[10:36] {Threei}  something is very off about market today
[10:36] {Threei}  can't quite put a finger on it
[10:36] {nemo} monday
[10:37] {davd} the fact that it is in the read is strange
[10:37] {davd} red
[10:37] {Les} I often see market like this after strong performance day like Thu/Fri
[10:37] {Les} not only consolidating
[10:37] {Les} but throwing traders off
[10:38] {Les} in the process
[10:38] {Threei}  davd, IMO:
[10:38] {Threei}  this red is an initial reaction on dollar strength
[10:39] {Threei}  as dollar continues rallying, market will at some point abandon its inverse realtion to a buck and start rallying with it
[10:39] {Les} look how well 'buy the bounce' functioned on Fri
[10:39] {davd} i agree, if you see the dollar drop a little after the european markets close, us mkts could bounce
[10:39] {Threei}  (US) SEC's Schapiro: SEC is in the middle of planning changes to drive more market stability (related XLF )
[10:39] {Les} why do you see that vad?
[10:39] {Threei}  then of course there isd always SEC to mess things up
[10:39] {Les} as a trick
[10:40] {Threei}  not a trick
[10:40] {Threei}  just market changing its ways
[10:40] {Les} or as a source of "security"
[10:40] {Threei}  sorry, lost me
[10:40] {Les} traders seeking the $ and equities
[10:41] {Threei}  I am not looking at macroeconomics here
[10:41] {Threei}  rather at the normal market mechanism
[10:41] {Les} ah ok
[10:41] {Threei}  everyone knew QE2 weas coming
[10:42] {ese} thats a great boat....would like to sail on it one day
[10:42] {Threei}  to expect a dollar to crash after it was announced would be to ignore the very mechanism that warrants market functioning, namely - discountng the future
[10:42] {davd} you are sailing on it.
[10:42] {ese} lol
[10:43] {Threei}  lol
[10:43] {RonS} sohu +5.66
[10:45] {jfjf64} lvs
[10:45] {jfjf64} gettin  going
[10:48] {Les} news APC vad?
[10:49] {Threei}  from Nov 4
[10:49] {Threei}  APC According to UBS, Anadarko or Australia's Woodside Petroleum may become BHP acquisition targets (65.96, +2.32, 3.65%) (related WPL.AU BHP.AU )
[10:52] {Threei}  (US) SEC's Schapiro: SEC is in the middle of planning changes to drive more market stability, laying out a 'road map' of market structural reforms
[10:52] {Threei}  - Must deal with algorithms that go wild in the US marketplace.
[10:59] {davd} good call rons
[10:59] {davd} re 10:50is
[11:00] {RonS} been the pattern dave...it works until it doesn't...seemed to make sense w/ $ strength
[11:01] {davd} also financial are the weakest sector today, they have been stronger for the past 3 sessions
[11:01] {Threei}  wow LVS
[11:01] {_flautero} lvs
[11:01] {jfjf64} im  sick
[11:02] {jfjf64} was  watchin  .35  break
[11:02] {jfjf64} short
[11:03] {davd} spy lod
[11:03] {Threei}  told you something was really off with market today
[11:03] {Les} sohu
[11:03] {Les} might be getting ready for you mags
[11:03] {Threei}  felt like something was coming
[11:03] {ese} crus stopped .65 -22
[11:04] {nemo} $ continues to strengthen
[11:04] {Threei}  NY Fed: Purchased $6.26B in outright coupon purchase; dealers submitted $27.4B for consideration (bid to cover )
[11:04] {Threei}  - Heaviest purchase $ in the maturity
[11:04] {Threei}  wacthing GLD for short
[11:05] {Threei}  amazingly, look how RIMM is holding
[11:07] {RonS} big buyers in across the board in the futures
[11:07] {ese} and climbing
[11:08] {_flautero} sohu in 100 shares short
[11:08] {_flautero} .73
[11:08] {_flautero} .89 stop
[11:09] {Threei} Long Setup:  RIMM  .10
[11:09] {Threei}  if stays above .95
[11:10] {Threei}  invalidated
[11:10] {Threei}  there should be a long in it but hard to nail the entrey
[11:13] {Threei}  maybe 56 break
[11:13] {Threei}  wityh stop under .90
[11:13] {RonS} Fed buys $6.26 billion in 2016-2020 Treasurys       11/08 09:12 AM
[11:13] {Threei}  and target about 1:2 - 1:3
[11:14] {Threei}  11:04] {Threei} NY Fed: Purchased $6.26B in outright coupon purchase; dealers submitted $27.4B for consideration (bid to cover )
[11:14] {Threei}  [11:04] {Threei} - Heaviest purchase $ in the maturity
[11:14] {Threei}  - Heaviest purchase $1.65B in the 11/15/17 maturity
[11:14] {Threei}  - Avg bid to cover over prior four auctions is: 10.4
[11:16] {Les} are banks sensitive to $ change?
[11:17] {RonS} de[ends who is giving and receiving...
[11:17] {Les} FAS hot, then cold
[11:17] {Les} I'm gonna ignore that one Ron
[11:18] {RonS} hey, jus admiring that crazy _flautero...he is winning on a sohu short
[11:18] {_flautero} 1:1 sohu
[11:18] {_flautero} :)
[11:18] {_flautero} .32
[11:18] {Les} there she goes. nice one
[11:19] {Les} hmm could come down fast if market reverses again
[11:19] {RonS} es un loco columbianero
[11:19] {_flautero} lol
[11:21] {_flautero} 1:2 sohu
[11:25] {_flautero} 1:4 sohu
[11:25] {Les} there it is. I was foolish enough to short at 10:23 when 79 was acting as support
[11:25] {Les} 10:30 or around there
[11:26] {_flautero} :)
[11:27] {Les} testing out with 100 shares earlier. but its clear that once the momo behaviour drops off, even a beast like SOHU reads correctly.
[11:27] {Les} but I didn't short it, so credit to fl
[11:29] {_flautero} SODA is running fast
[11:30] {Threei}  add vinegar to it, should stop
[11:30] {_flautero} lol
[11:30] {_flautero} hehehehe
[11:30] {larisa} you do not cook, obviously :) it will explode then
[11:30] {Threei}  explode??
[11:31] {Threei}  mine just fizzles, bubbles and dies
[11:31] {Les} baking soda
[11:31] {larisa} go to the kitchen and mix soda and vinegar :)
[11:31] {Les} not soda
[11:31] {_flautero} HGSI could die
[11:32] {Threei}  larisa, you probably should stop adding crumbs of dynamite to your dishes
[11:32] {larisa} ok :)
[11:33] {Threei}  I understand it adds an element of intrigue
[11:33] {Threei}  and provides fun games at giessing who of guests makes it home
[11:33] {RonS} is soda a 4 day old ipo?
[11:33] {Threei}  yeah
[11:34] {Threei}  November 03, 2010 11:55:12
[11:34] {Threei}  SodaStream International IPO opens for trade at $24.75
[11:34] {Threei}  - priced 5.4M shares at $20
[11:34] {Threei}  (US) Tresury $29B 3-month bills draw 0.125%, BTC 4.69 ; $28B 6-month bills draw 0.160%, BTC 4.62
[11:36] {_flautero} no rons SODA is just for kidding, its insane, big spread, low volume, not tradeable
[11:37] {nemo} dino stock
[11:37] {Les} dino, nothing that meets your criteria today?
[11:39] {dino} real estate issues sidetracking me. after 12:00 i should be ready
[11:40] {Les} ok was tempted on early HOG entry but prefer to follow
[11:40] {Les} your entries
[11:41] {ese} L crus .72
[11:45] {_flautero} hgsi .65 stop .58
[11:51] {_flautero} 1:1 HGSI
[11:53] {_flautero} out all shares hgsi here
[11:54] {Threei}  wtg
[11:55] {Threei}  good to see folks finding plays on a day when I can't trade 25 cents for a phone call
[12:01] {Les} SODA not in short list
[12:01] {Les} starting to lose its fizz
[12:02] {nemo} watch fcx for consolidatin ahd break of .50
[12:16] {nemo} usp .40 break?
[12:16] {nemo} stop a little big
[12:16] {nemo} ups
[12:23] {Threei}  wow
[12:23] {Threei}  what the
[12:24] {Les} lunchtime ninja attack
[12:24] {Les} $ getting canned
[12:25] {Les} wow slv on a tear
[12:26] {RonS} shou +6.66
[12:26] {RonS} sohu
[12:30] {dino} wtfg
[12:30] {Les} hehehe
[12:30] {_flautero} lol}
[12:30] {Les} he wishes
[12:31] {RonS} the stock dino not me
[12:32] {_flautero} SOHU looks building a head and shoulders ¿?
[12:32] {nemo} got rinsed on lvs
[12:35] {Les} out UPS flat. wish I'd used more shares. thanks anyway nemo. crazy mofo market
[12:35] {Les} any news HOG vad?
[12:36] {Threei}  nthing fresh
[12:36] {Threei}  nothing
[12:36] {Les} ok ty and PCP?
[12:37] {Threei}  nope
[12:38] {dino} mktx pop and drop
[12:39] {dino} stmp, wcrx
[12:40] {Threei}  US Dept of Homeland Security confirms additional cargo screening procedures, including the ban of certain toner cartridges
[12:40] {Threei}  - Specifically, the ban on air cargo from Yemen will continue and has been extended to all air cargo from Somalia as well. In addition, no high risk cargo will be allowed on passenger aircraft. Toner and ink cartridges over 16 ounces will be prohibited on passenger aircraft in both carry-on bags and checked bags on domestic and international flights in-bound to the United States.
[12:41] {Threei}  they have got to be kidding
[12:41] {Les} always one step behind
[12:42] {Threei}  someone tries to get liquid explosive on board, they put limits on personal toiletry. Another tries to use ink cartridge as masquerade, they ban those. How long before we run out of things to transport?
[12:44] {Les} will suit airline industry just fine i think
[12:44] {Threei}  when we ban everything, they may just as well ground all the planes
[12:45] {Les} that would be anti-business vad
[12:45] {Les} make life difficult for passengers yes
[12:46] {Les} but leave planes on tarmac doesn't have nice business ringtone
[12:47] {Les} but effectively same thing. I hate flying now
[12:47] {Les} and I loved flying so much I went and did a pilots licence
[12:49] {Les} army ID got me many a cockpit flight around Australia
[12:49] {Les} those were the days
[12:49] {dino} cool
[12:50] {larisa} singapore airlines stuardesses are so cute. like porcelain dolls in beautiful dresses :)
[12:50] {dino} was having lot of errors on news computer last week. changed keyboards, all is well again (need to stop throwing them)
[12:50] {Les} :)
[12:51] {Threei}  Bush says he had introduced then-Russian President Putin to his Scottish terrier, Barney, on a visit to the U.S. presidential retreat, Camp David.
[12:51] {Threei}  Putin returned the favor when Bush visited Russia and Putin was giving him a tour of the grounds of his dacha.
[12:51] {Threei}  "A big black Labrador came charging across the lawn. With a twinkle in his eye, Vladimir said, 'Bigger, stronger, faster than Barney,'" Bush writes. A copy of the book was obtained by Reuters.
[12:51] {Threei}  Bush says he later told the story to the Canadian prime minister, Stephen Harper, who replied: "You're lucky he only showed you his dog."
[12:51] {Les} lol
[12:51] {RonS} lol
[12:51] {Les} rofl
[12:51] {Threei}  I am proud of our prime minister
[12:54] {dino} skx
[12:56] {Les} SODA went flat. strange
[12:56] {RonS} pulp mover lpx
[12:57] {dino} lol literally
[12:57] {_flautero} soda too much vinegar
[12:58] {_flautero} :D
[12:59] {Les} http://www.nationalreview.com/corner/252715/palin-bernanke-cease-and-desist-robert-costa#
[13:00] {Les} Palin playin hardball
[13:01] {Les} s skx .29 small
[13:01] {dino} buyout rumors
[13:02] {Threei}  *(US) TREASURY'S $32B 3-YEAR NOTE AUCTION DRAWS 0.575%; BID-TO-COVER RATIO: 3.26 V 2.95 PRIOR AND 3.12 AVG OVER THE LAST 10 AUCTIONS
[13:03] {Threei}  Indirect bidders take 35% of competitive bids;
[13:03] {Threei}  direct bidders take 13.9% of competitive bids, dealers take 51.1%.
[13:03] {Threei}  - 40.86% allotted at high.
[13:03] {Threei}  - Median 0.548%; Low 0.470%.
[13:03] {RonS} ...the more I see Palin the more I think she is a rube...and i don't mean Goldberg
[13:03] {dino} rube?
[13:03] {Les} yeh looking that one up
[13:04] {Les} ok
[13:04] {Les} that's polite
[13:04] {RonS} http://www.bing.com/Dictionary/search?q=define+rube&FORM=DTPDIA&qpvt=rube+definition
[13:05] {dino} ok
[13:05] {Threei}  I am scared of the thought she is going to run
[13:05] {Threei}  that will give obama second term, imo
[13:05] {dino} unelectable imo
[13:05] {Threei}  right
[13:06] {RonS} example: commercial for a TV show she is doing...shows her in the AK outback:  "I'm just out here be'un free, hyuk"
[13:06] {dino} cem
[13:06] {Threei}  she can be fantastic kingmaker
[13:07] {Les} out skx flat
[13:07] {Threei}  disaster as a candidate
[13:09] {Threei} Long Setup:  AIG  .65 break
[13:09] {Threei}  if stays above .55
[13:11] {Threei}  invalidated
[13:13] {_flautero} AIG looks a descending triangule nop?
[13:13] {Threei}  more or less but not worth the play, IMO
[13:14] {Les} gld read vad?
[13:14] {Les} 2 way play?
[13:15] {Threei}  it did nothing but go up so far
[13:15] {Les} bouncing up on MA support since 1pm. could give way to profit taking
[13:18] {_flautero} WCRX .50
[13:18] {_flautero} STOP .60
[13:19] {Les} dino dcc
[13:21] {_flautero} wcrx in
[13:22] {Threei}  MNTA Announces Nature Biotechnology Publication Demonstrating CHO Cells Can Produce Galactose-Alpha-1,3-Galactose Antigens on proteins (16.16, -0.19, -1.16%)
[13:23] {RonS} wow...Les what does it mean?
[13:23] {RonS} :)
[13:24] {Les} doesn't mean squat. MNTA barely moved
[13:24] {Les} :)
[13:24] {RonS} lol
[13:24] {RonS} too funny
[13:24] {Threei}  and very true
[13:24] {Les} show me the money
[13:25] {Threei}  USEG Reports Q3 R$6.4M v $1.4M y/y (5.84, +0.14, 2.46%)
[13:25] {Threei}  Q3 -$0.01 v -$0.09 y/y
[13:25] {Les} s gld .23 stop above .40 small
[13:27] {Les} out flat. gotta find a boy
[13:27] {dino} les, ok
[13:27] {Les} my boy
[13:27] {Les} not any boy
[13:27] {Les} :)
[13:27] {Threei}  rofl
[13:28] {Threei}  thanks for clarification
[13:29] {Les} crap there goes gld
[13:30] {dino} slow day, huh?
[13:30] {dino} scanners barely moving
[13:33] {jfjf64} break dn  abx   imo
[13:33] {Threei}  slow and messy
[13:33] {Threei}  patterns are not clear, follow through is practically absent
[13:33] {_flautero} 1:1 WCRX
[13:33] {Threei}  WCRX wortks though
[13:35] {_flautero} :)
[13:39] {Threei}  (GE) German Fin Min Schaeuble: Germany will have support when it resists trade balance targeting at the G20 meeting
[13:39] {Threei}  - Reminder: There have been many calls for 'surplus' countries to pull back to help solve imbalances
[13:40] {Threei}  this whole thing is edging toward full blown trade/currency wars
[13:40] {Threei}  and what really scares me is: actual wars are normally not too far behind
[13:40] {Les} won't happen
[13:41] {Les} European population too old for war :)
[13:41] {Les} I've got a nice beer gut and I ain't losing it no one
[13:41] {kowboy} wcrx stop .31 thanks _flautero
[13:41] {Threei}  nice one
[13:41] {dino} rld sm s .99
[13:41] {dino} bstop is .32
[13:42] {_flautero} wow kow
[13:42] {_flautero} covered at .31?
[13:42] {_flautero} excelente
[13:42] {kowboy} yes ty
[13:44] {davd} headollar gaining some ground but not at highs
[13:46] {_flautero} qcom .70
[13:46] {_flautero} stop .65
[13:46] {_flautero} late
[13:48] {_flautero} 1:1 qcom
[13:48] {_flautero} 1:2
[13:51] {Threei}  (US) Fed's Fisher: US is currently in a liquidity trap; underlying inflation trend is steady
[13:51] {Threei}  seriously?
[13:51] {Threei}  weren';t we told repeatedly we are not japan, no liquidity trap threat?
[13:52] {Threei}  clueless imbeciles...
[13:52] {Threei}  - QE has been weakening the USD; financial speculation and excess is again emerging
[13:52] {Threei}  - Notes that additional QE serves to transfer income from the poor to the rich; concerned asset purchases could become a 'new normal'
[13:52] {Threei}  - Comments that over the coming 8 months (the end of QE2 program) the Fed will be 'monetizing debt'
[13:52] {Threei}  - Fed's recent decision on easing steps were a 'leap of faith' that the fiscal authorities would act on the budget, new Congress must act quickly to tighten fiscal policy
[13:52] {Threei}  - Reminder: On Friday the Fed's Hoenig accused the Fed's actions as monetizing the debt
[13:54] {dino} cov rld .11, +.88
[13:54] {Threei}  (US) FDIC's Bair: Would like to see securitization come back
[13:54] {_flautero} nice dino
[13:54] {dino} ty
[13:54] {dino} apc, rkt
[13:55] {dino} lool cov. too soon
[13:55] {dino} lool=lol
[14:00] {Threei}  do we wtiness serious dissent in Fed ranks?
[14:01] {Threei}  to me, this Fisher's statement is nothing short of astonishing
[14:06] {dino} sm l rkt .70, stop .45
[14:09] {_flautero} for me RTK .80 stop .55 dino i think
[14:09] {nemo} you shorting flauty?
[14:10] {_flautero} no i think rtk long
[14:10] {nemo} ahhh
[14:10] {nemo} wcrx offer .38
[14:12] {_flautero} are u shorting wcrx nemo?
[14:13] {nemo} I didn't, probably should have when it didn't get near the offer
[14:13] {_flautero} yep, i think is extended now
[14:13] {dino} apc sm l .16
[14:16] {dino} stop is .79
[14:23] {dino} thing is stuck flaut
[14:25] {davd} in apc .18 small
[14:33] {dino} hmmm apc had trouble around .50
[14:33] {dino} breakb takes it to .70s imo
[14:33] {magoo} mkt stopped it imo
[14:34] {magoo} unless its in own world
[14:35] {dino} in my own world it seems
[14:39] {dino} rkt to .49 slug
[14:39] {_flautero} good bye, have a nice day all :)
[14:39] {nemo} c u
[14:40] {dino} ugh rld, another dollr drop
[14:40] {Threei}  take care flautero
[14:40] {dino} cya flt
[14:40] {dino} apc to b/e
[14:42] {kowboy} bucy
[14:43] {Threei}  RKT looks ready to me
[14:44] {Les} whats yer APC entry dino?
[14:44] {nemo} .15
[14:44] {Les} ty
[14:44] {nemo} bucy probably going to .47 or so
[14:44] {davd} im at .18 on apc
[14:45] {davd} my stop is at .09
[14:45] {magoo} nice bucy nemo
[14:47] {Les} Uncle Buck has its supporters today
[14:47] {Les} some support today
[14:49] {dino} stopped flat, stupid trade, got greedy, had .30 on it
[14:49] {dino} apc
[14:49] {davd} stopped apc
[14:49] {dino} .75 area re-try
[14:50] {Les} was following it earlier. would have enjoyed trading it with you then
[14:51] {kowboy} bucy, out 2 soon {{ my new nickname
[14:52] {nemo} where'd you enter kowboy?
[14:52] {Les} kowboy pulled out too soon. I ain't ever gonna let you live that one down :)
[14:52] {kowboy} .52
[14:52] {dino} lol
[14:52] {nemo} nice
[14:53] {nemo} oh jeez...Les, you ain't off the bottom yet...
[14:53] {Les} nice entry though yeh
[14:57] {Threei}  WCRX is still sliding
[15:00] {dino} beat and raised but sales light
[15:01] {Les} borrowed WCRX for .09 ty vad
[15:02] {Les} might be the bottom around here
[15:02] {dino} ugh apc
[15:02] {Les} judging by volume?
[15:03] {nemo} it hit support on the daily
[15:05] {dino} wcrx sm l .00 stop .73
[15:12] {davd} in wcrx .96 small
[15:13] {dino} negative pomo day
[15:14] {Les} can't make it too easy for the punters
[15:17] {Les} aapl looks ready to drop
[15:18] {Threei}  (EU) EU's Rehn: market confidence will improve once Ireland publishes 4-year fiscal plan; Irish fiscal adjustments will take time
[15:18] {Threei}  - Confirms Ireland has not requested EU financial backstop.
[15:18] {Threei}  - REMINDER: Over the weekend an Economist Intelligence Unit analyst said Ireland is heading toward default, and predicted Ireland will have to tap the eurozone support program (ESF) in June 2011.
[15:19] {Les} out wcrx flat
[15:22] {magoo} LVS long vad?
[15:22] {Threei}  probably, but not after such spike
[15:23] {Threei}  pullback to about .70 - .80, yes, I'd be interested
[15:25] {magoo} might get it
[15:29] {Les} c u's tomorrow
[15:32] {dino} cya les
[15:32] {nemo} amybody got a trade to force?
[15:32] {jfjf64} mgm  .97 break
[15:33] {magoo} lvs 53 break
[15:34] {nemo} yeah, saw that, though I wouldn't take any breaks, closer to support perhaps
[15:37] {dino} back in ten
[15:48] {dino} .
[15:49] {Threei}  it was just 9
[15:49] {Threei}  ABK Ticks lower on chatter it could soon file for bankruptcy
[15:49] {larisa} 47-36=11
[15:49] {davd} wcrx is doing ok
[15:50] {Threei}  oh
[15:50] {Threei}  true larisa
[15:50] {Threei}  REMINDER: on Nov 1, Ambac stated if the Company is unable to reach agreement on a prepackaged bankruptcy in the near term, it intends to file for bankruptcy under Chapter 11 of the United States Bankruptcy Code prior to the end of the year. Such filing may be with or without agreement with major creditor groups concerning a plan of reorganization. The filing for bankruptcy protection would accelerate the maturity of all of the Companys indebtedness.
[15:54] {davd} in wcrx dino?
[15:54] {dino} y
[15:54] {davd} les wanted to go home so he sold flat
[15:55] {dino} stop to .25
[15:55] {dino} to .30
[15:55] {dino} to .40
[15:55] {dino} out +.49
[15:55] {dino} .40 i ,ean
[15:55] {dino} mean, sheesh
[15:56] {dino} bummer for les, worked well
[15:56] {dino} out rkt -.02 at .68
[15:57] {Threei}  USD finishes near the high
[16:01] {Threei}  a day that has no place in calendar
[16:01] {Threei}  oh well, will get them tomorrow
[16:01] {Threei}  have a good evening, see you tomorrow
[16:02] {Threei}  VVUS Reports Q3 -$0.22 v -$0.27e, Rev is nil
[16:02] {larisa} bye :)

Friday, November 5, 2010

Nov 052010

Perfect end to the week with 100% wins.


This trade is a prime example of a long entry for a bounce after sharp pullback. First thing to notice on the chart below is a long trade triggered at 9:45 by breaking out of ascending triangle with entry price just above $30.70. Being busy with other trades at the time, we missed this one, so we started hunting for pullback entry. After topping out at 31.17, SBUX started sharp retreat.
The procedure of finding entry in such situations consists of two steps. First is determining general area of support where we get interested. Second is finding exact setup structure, with trigger and stop.


Our first idea was to find entry in .70 - .80 range, since .70 is a former resistance, now support. For this we wanted SBUX to drop into that range, hold above .70 and break above .80, triggering our long. It never broke .80 though and proceeded lower, until finally formed a range between .55 and .65. Read the sequence of running commentaries and track the trade on the chart below.
[09:47] {Three}  SBUX
[09:48]  watching for entry on pullback
[09:48]  .70 - .80 zone at least, possibly lower
[09:49]   get ready
[09:50]  .80 break if holding .70
[09:51]  invalidated
[09:51]  next range .55 - .65



Session Time: Fri Nov 05 00:00:00 2010
[08:17] {magoo} morn
[08:17] {Threei}  hey mags
[08:19] {Threei}  (US) Preview: Oct change in Nonfarm payrolls and change in manufacturing payrolls due at 08:30ET (12:30 GMT)
[08:19] {Threei}  - Change in Nonfarm Payroll: +60Ke expected versus -95K prior (Note the range of estimates are from +30K to +90K)
[08:19] {Threei}  - Change in Private payrolls: +80Ke v +64K prior (Range of analyst estimates from +55K to +105K)
[08:19] {Threei}  - Change in Manufacturing Payrolls: +5Ke versus -6K prior
[08:19] {Threei}  US) Preview: Oct Unemployment Rate data due out at 08:30ET (12:30 GMT)
[08:19] {Threei}  - Consensus expectations at 9.6%e v 9.6% prior (range of analyst estimates from 9.5% to 9.7%)
[08:20] {Threei}  (US) Preview: Oct Average Hourly Earnings and Average Weekly Hours due at 08:30ET
[08:20] {Threei}  - Average Hourly Earnings MoM: 0.2%e vs 0.0% last
[08:20] {Threei}  - Average Weekly Hours: 34.2e v 34.2 last
[08:30] {Threei}  wow
[08:31] {Threei}  *(US) OCT UNEMPLOYMENT RATE: 9.6% V 9.6%E
[08:31] {Threei}  *(US) OCT CHANGE IN NONFARM PAYROLLS: 151K V 60KE; CHANGE IN PRIVATE PAYROLLS: 159K V 80KE
[08:31] {Threei}  *(US) OCT AVERAGE HOURLY EARNINGS M/M: 0.2% V 0.2%E; AVERAGE WEEKLY EARNINGS: 34.3 V 34.2E
[08:32] {Threei}  *(CA) CANADA SEPT BUILDING PERMITS M/M: 15.3% V 2.5%E
[08:32] {Threei}  eeck
[08:32] {Les} wow
[08:32] {Threei}  EUR/USD USD extends session gains after payroll data
[08:32] {Threei}  now we are talking: dollar and stocks are up together, just as I saw coming
[08:33] {nemo} don't call you Darth Vad for nothing
[08:33] {Threei}  they do?
[08:33] {nemo} now....about those lottery numbers
[08:33] {Threei}  I need to practice heavy breathing...
[08:33] {nemo} talk to your wife
[08:33] {Threei}  oh good... log editing
[08:34] {Les} :) Nemo's fired up this morn
[08:34] {nemo} dude...edit your mind, not the log
[08:34] {magoo} respecttfully here,i thought u said dollar up, mkt finally comes down
[08:34] {Les} agreed mags
[08:34] {Threei}  no
[08:34] {Threei}  I said:
[08:34] {nemo} that's been a relationship, it makes sense that it would change here
[08:34] {Threei}  dollar up, marklet pull back first, then reverse and rally with dolar
[08:35] {Les} days or weeks....
[08:35] {Les} not hours...
[08:35] {Threei}  or months
[08:35] {Threei}  (US) Payrolls Birth-Death Adjustment: +61K v +11K prior (related EUR/USD TLT SHY )
[08:36] {Threei}  I can find it in logs and show if needed
[08:36] {Threei}  but so can you
[08:37] {Threei}  not sure where gold in this scenario goes
[08:37] {Threei}  probably down but this is a bit too complicated for my simple mind
[08:39] {Threei}  here you go:
[08:39] {Threei}  [11:13] {Threei} IMO:
[08:39] {Threei}  [11:13] {Threei} we are looking at the serious dollar rally,
[08:39] {Threei}  [11:13] {Threei} and equities will pull back hard at first,
[08:39] {Threei}  [11:13] {Threei} then reverse and rally WITH dollar
[08:39] {Threei}  [11:13] {Threei} that's not anintraday scenario,
[08:39] {Threei}  [11:13] {Les} ooh yeh look at USD/JPY
[08:39] {Threei}  [11:13] {Threei} rathjer talking about weeks, possibly months
[08:40] {magoo} why u think gld down hard now
[08:40] {Les} hold it hold it
[08:40] {Les} weeks months being....
[08:40] {Les} market rallies with dollar?
[08:41] {Les} or market pulls back first?
[08:41] {Threei}  huh?
06[08:41] * magoo slaps Les around a bit with a large trout
[08:41] {magoo} there vad
[08:41] {Threei}  I don't know how to put it any clearer Les
[08:41] {Les} equities will pull back hard.... when?
[08:41] {Les} or is that part over now?
[08:42] {Threei}  should do it still, as dollar advances
[08:42] {Les} ok that's what I wanted to clarify
[08:42] {Threei}  not sure about GLD mags
[08:42] {Les} cause things are starting to look a little too optimistic
[08:42] {Threei}  gold is more complicated than many think
[08:43] {Threei}  yeaterday's action was puzzling to me Les
[08:44] {magoo} me too
[08:44] {magoo} this is ridiculous
[08:44] {Threei}  so, timing and sequence of all these events is kind of "on watch to be confirmed" to me
[08:44] {Les} market was puzzling, gold was not
[08:44] {magoo} not that i want crash, but this is stupid up
[08:44] {Threei}  to me, dollar was the most puzzling part
[08:45] {Threei}  the only suggestion about its yesterday's behavior that I can make at this point is
[08:45] {Threei}  preparing the trap
[08:46] {Threei}  if my understanding is right, trap is about to get shut, in a form of dollar staging mind boggling advance
[08:47] {Threei}  the stock market will prepare its own trap by pulling back and pretending to act as if relation with dollar was still valid,
[08:47] {Threei}  then shut the trap by sudden reversal and joining dollar in rally
[08:48] {Threei}  Clearer now?
[08:50] {_flautero} good morning all:)
[08:50] {Threei}  flautero :)
[08:55] {ese} morning
[08:55] {Threei}  ese :)
[08:55] {Les} flautero, you shorting the index already :)
[08:55] {Les} ?
[08:55] {_flautero} im watching SWKS
[08:55] {_flautero} SBUX
[08:56] {_flautero} atml LONG
[08:56] {_flautero} SD in daily support gap
[08:57] {_flautero} less i dont  like trade ETF's
[08:57] {Les} nice colour dude
[08:58] {_flautero} lol
[08:58] {nemo} back to black and white flautero
[08:58] {_flautero} oki
[08:58] {Les} avoids confusion
[08:58] {_flautero} ok
[08:58] {Les} and I'm confused enough as it is
[09:00] {magoo} vad, is there a reason tza doesnt swing as big a percent as tna
[09:00] {Les} crap can't trade premarket
[09:00] {Les} wanted TZA .61 long
[09:01] {Threei}  why can't you?
[09:01] {Threei}  just pick NASDAQ route
[09:01] {nemo} he moves like a baboon with two club feet
[09:02] {Threei}  most of these pairs are constructed this way mags
[09:02] {Threei}  FAS/FAZ used to be the same
[09:02] {ese} non farm payrolls very positive
[09:02] {ese} just saw that
[09:02] {Threei}  still is actually
[09:03] {Threei}  look at this sharp bar on both
[09:03] {Threei}  60 cents FAS,
[09:03] {Threei}  25 cents FAZ
[09:03] {Les} no I think Nevis blocks it. will have to check
[09:08] {larisa} gm :)
[09:08] {_flautero} TZA les looks ready
[09:09] {Threei}  larisa :)
[09:09] {_flautero} hi larisa
[09:09] {larisa} vad, fl :)
[09:11] {Les} let's see how the open looks flautero
[09:14] {khaln} g morning
[09:14] {_flautero} daily TZA very nice short
[09:15] {Threei}  khaln :)
[09:15] {_flautero} the only problem is an etf, usually do not give the 1:1 or stop
[09:16] {Threei}  (US) PIMCO's El-Erian: US jobs report good, though markets need to see higher number for several more months (related IEF TLT SHY EUR/USD USD/JPY USD/CHF GBP/USD TRADEX )
[09:20] {magoo} news dxcm vad
[09:22] {RonS} earnings mags
[09:22] {Threei}  DXCM Reports Q3 -$0.23 v -$0.18e, R$11.7M v $13Me (13.91, 0.00, 0.00%)
[09:22] {Threei}  and couple downgrades of course
[09:23] {RonS} gm btw
[09:24] {Threei}  ron :)
[09:26] {dino} gm all
[09:26] {Threei}  dino :)
[09:27] {ese} dino ron
[09:27] {ese} vad you focusing in on anything in particular
[09:28] {Threei}  USD/CAD CAD reapproaches parity against the USD
[09:28] {Threei}  {--- crying
[09:28] {ese} lol
[09:28] {Threei}  usual suspects ese
[09:29] {magoo} vad, u in buy bounce mode
[09:30] {Threei}  reluctantly
[09:30] {Threei}  want to see more
[09:32] {Les} TZA near 1:3
[09:32] {Threei}  (US) Fed's Hoenig: Fed needs to be taking steps to normalize policy; GSEs must be reformed
[09:32] {Threei}  - Rates need to move off of zero in order to ensure a more stable economy.
[09:33] {Threei} Long Setup:  X  .70 break half lot
[09:33] {Threei}  stop under .70 for scalpers
[09:34] {Threei}  no need to comment
[09:34] {Threei}  over 1:2
[09:34] {_flautero} nice
[09:34] {Threei}  (US) Preview: Several potential Fed speakers scheduled throughout the day, including some of the more hawkish Fed Presidents
[09:34] {Threei}  - 09:30ET: FOMC dissenter Hoenig to speak at a realtors convention.
[09:34] {Threei}  - 11:15ET: Dallas Fed Pres Fisher to moderate a panel at a Fed event in Atlanta.
[09:34] {Threei}  - 13:20ET: Fed's Bullard moderates another panel at the Fed event.
[09:34] {Threei}  - 16:15E: Fed's Lacker moderates a panel at the same event.
[09:35] {Threei}  out in full who partialed
[09:36] {Threei}  over 1:4
[09:36] {Threei}  don't tell me no one got it
[09:37] {magoo} ud kill me
[09:37] {Les} watching only this morning
[09:37] {magoo} i read your call and acidently shorted it loss .70 DEAD
[09:37] {magoo} out but DEAD
[09:37] {Les} christ
[09:39] {nemo} took tck .06 on back of fcx rishe
[09:39] {nemo} rise
[09:39] {Threei} Long Setup:  AIG  .55
[09:40] {Threei}  stop under .50
[09:40] {Threei}  1:2
[09:41] {ese} missed it
[09:41] {Threei}  1: I lost count
[09:41] {ese} nice vad
[09:41] {Threei}  5 probably
[09:42] {Les} GS rocketing
[09:42] {Threei}  who financial sector
[09:42] {Threei}  whole
[09:42] {magoo} GS
[09:43] {_flautero} anybody did swks?
[09:44] {Threei}  RIMM is miserable
[09:45] {Les} any big gap ups on screen vad?
[09:46] {Les} on yer radar I meant
[09:46] {Threei}  I don't scan for gaps
[09:46] {Les} ok. anybody big gap ups anywhere?
[09:47] {nemo} between your ears
[09:47] {_flautero} DXCM
[09:47] {Les} lol not bad nemo not bad
[09:47] {_flautero} big spread
[09:47] {nemo} ty
[09:47] {Threei}  he asks for gaps up
[09:47] {nemo} gaps period
[09:47] {Threei}  SBUX
[09:48] {Threei}  watching for entry on pullback
[09:48] {Threei}  .70 - .80 zone at least, possibly lower
[09:48] {Les} aapl pulling down q's
[09:49] {khaln} apol
[09:49] {Threei}  ok SBUX
[09:49] {Threei}  get ready
[09:50] {Threei}  .80 break if holding .70
[09:51] {Threei}  invalidated
[09:51] {Threei}  next range
[09:51] {Threei}  .55 - .65
[09:51] {jfjf64} mornin
[09:51] {Threei}  hey jf
[09:51] {Threei}  missed two good ones
[09:52] {Threei}  1:1
[09:52] {ese} L zion .68
[09:52] {_flautero} 1:1 sbux thanks vad
[09:53] {Threei}  :)
[09:53] {Threei}  1:2
[09:53] {_flautero} 1.2
[09:53] {Threei}  nice and easy
[09:53] {_flautero} :D
[09:53] {Threei}  just gotta have patience waiting for the right pullback
[09:54] {jfjf64} sndk
[09:54] {jfjf64} monster
[09:54] {RonS} took .60 to .79...thnks 3i
[09:54] {Threei}  :)
[09:54] {Threei}  {SNDK} you monster... :(
[09:54] {jfjf64} lol
[09:55] {_flautero} SNDK capitulation - climatic?
[09:55] {Les} you mean climactic fl?
[09:56] {Threei}  1:3, over and out
[09:56] {Threei}  3:3
[09:56] {_flautero} 1:3 sbux incredible
[09:56] {Threei}  like shooting fish in the barrel
[09:56] {Threei}  can I go home before I screw it up?
[09:56] {_flautero} climatic is euforia with big volumen and reversal bar
[09:56] {_flautero} sndk needs euforia
[09:56] {Les} no global warming is climatic
[09:57] {ese} out zion .81+.13
[09:57] {Threei}  hey, flautero speak Threeish, you got a problem with that?
[09:57] {Les} I get ya fl
06[09:58] * Threei sends les a Threeish disctionary
[09:58] {_flautero} lol
06[09:58] * Threei welcomes flautero in the world of mistypes, misspells, miscreants and other kinds of fun
[09:58] {Les} gld .50?
[09:58] {_flautero} 1:1 sndk
[09:58] {RonS} meanwhile lvs runs like a scalded dog...
[09:59] {Threei}  I am not sure about GLD les
[09:59] {Threei}  tough read for me
[10:00] {_flautero} 2 minutes to news pending orders
[10:00] {_flautero} 1 minute
[10:00] {Threei}  scalded dog? how about this: anthelope with tarpentine up its butt
[10:00] {Threei}  (US) Labor Sec Solis: In favor of putting more focus on manufacturing jobs; pleased with recent trend of jobs numbers 'inching' higher
[10:00] {Threei}  In favor of putting more focus on manufacturing jobs?
[10:01] {Threei}  someone asks him what to focus on?
[10:01] {jfjf64} fcx
[10:01] {Threei}  he has power to decide what jobs are created?
[10:01] {Threei}  Pending Home sales reportedly pushed back to 12:30ET (related XHB )
[10:01] {Threei}  *Consensus expectation: 3.0%e v 4.3% prior
[10:01] {Threei}  - Most estimates range between -1% to +4%.
[10:03] {_flautero} AEO .25 STOP .15?
[10:05] {ese} L mrvl 1/2 .52
[10:07] {Threei}  not sure about AEO
[10:07] {Threei}  a bit too narrow
[10:08] {Threei}  GLD was a trap Les
[10:08] {Threei}  glad I stayed away
[10:10] {Les} yeh
[10:10] {Les} mighta ruined yer perfect morning ;)
[10:10] {Threei}  RIMM...
[10:11] {Threei}  pullback to 55, I'd get interested in double bottom
[10:14] {jfjf64} hal
[10:14] {magoo} hal bounce vad?
[10:14] {jfjf64} hey  mags
[10:15] {jfjf64} you  watchin  me
[10:15] {Threei}  pullback, holding above .25, then breaking .35, yes
[10:17] {nemo} ton of buying .35
[10:18] {magoo} out rimm .44 ty vad
[10:18] {Threei}  caught it on pullback?
[10:18] {magoo} yup
[10:18] {Threei}  around .105 - .10
[10:18] {magoo} AIG nuts
[10:18] {Threei}  .05
[10:18] {Threei}  nice one
[10:19] {Threei}  HAL, we haven't gotten any pullback prior break
[10:19] {Threei}  makes it tough play
Session Close: Fri Nov 05 10:19:50 2010

Session Start: Fri Nov 05 10:19:50 2010
Session Ident: #discussions
02[10:19] * Disconnected
02[10:25] * Attempting to rejoin channel #discussions
03[10:25] * Rejoined channel #discussions
[10:25] {jfjf64} short  feellin
[10:26] {larisa} oh, order out at previous top hoping it will hit ? ok, good job, but not jealous of timing anymore :)
[10:26] {Threei}  back
[10:26] {Threei}  lost connection
[10:26] {Threei}  what did I miss?
[10:26] {nemo} hal long
[10:27] {Threei}  out yet?
[10:27] {Les} not as good as a hos moving
[10:27] {nemo} nope
[10:27] {nemo} partialed .43
[10:27] {Les} u don't like va?
[10:27] {Threei}  who?
[10:28] {nemo} I like gina
[10:28] {Les} hal long
[10:28] {Threei}  you need to be more specific, I don't like whole lot of people
[10:28] {Threei}  why, after touching .25 and holding it it became just what I wanted for double bottom setup
[10:30] {Threei}  A Qantas 747 Boeing aircraft has reportedly experienced some engine difficulties and has been turned back to land in Singapore
[10:30] {Threei}  - REMINDER: yesterday's engine failure on a Qantas flight was a Rolls Royce engine on an Airbus A380.
[10:30] {Threei}  maybe troubles is not in 380 but in Qantas?
[10:30] {Les} damn someone got it in for QANTAS
[10:30] {_flautero} MSFT .70 stop .63
[10:31] {Threei}  Market Internals update at 10:30ET
[10:31] {Threei}  - NYSE volume 305M shares, about 42% above its three-month average; advancers lead decliners by 1.6:1.
[10:31] {Threei}  - NASDAQ volume 490M shares, about 7% above its three-month average; advancers lead decliners by 1.1:1.
[10:31] {Threei}  - VIX index -1.3% to just above 18.00
[10:32] {Les} out hal flat
[10:33] {nemo} what you in at?
[10:33] {Les} .36
[10:33] {nemo} oy vay
[10:34] {_flautero} AEO 1:1
[10:36] {Threei}  45% of Americans Say Daylight Saving Time Not Worth the Hassle
[10:36] {Threei}  other 55 are insane?
[10:37] {Threei}  no, only 40%
[10:37] {Threei}  15 are unsure
[10:37] {kowboy} what do they know, they elected Obama
[10:37] {Threei}  lol
[10:37] {Threei}  29% of Americans Say They Never Drink Alcohol
[10:37] {Threei}  there is your problem, right there
[10:37] {nemo} I'm definitely part of the other 71%
[10:37] {Les} so that's where Americas problem lies
[10:37] {magoo} 29% say they will lie about the question
[10:37] {Les} right
[10:37] {Threei}  29% know no meaning of word fun
[10:38] {nemo} nice entry pattern on hal
[10:38] {Threei}  yup, crawling toward 1:1
[10:38] {Threei}  here it is
[10:38] {Threei}  very clean setup
[10:39] {nemo} vwap .60 pivot .65
[10:39] {Threei}  now, here is the next problem:
[10:40] {Threei}  dead heat between the ex-governors  Mitt Romney of Massachusetts, Mike Huckabee of Arkansas and Sarah Palin of Alaska
[10:40] {Threei}  Asked who they would vote for if the Republican presidential primary were held today, 20% say Romney, 19% Huckabee and another 19% Palin.
[10:40] {Threei}  come on... I like Sarah as a king maker, but presidential candidate?
[10:41] {larisa} to make it more exciting, lets :)
[10:41] {Threei}  second term for Obama is all but guaranteed
[10:41] {jfjf64} ya  killin  jf
[10:41] {Threei}  send Rubio for 2012
[10:41] {Threei}  slam dunk, IMO
[10:44] {Threei}  out in full HAL, or partial?
[10:44] {nemo} partial, stop .44
[10:44] {magoo} full .47
[10:44] {magoo} in .32
[10:44] {nemo} in .31
[10:44] {Threei}  nice modifications to setup
[10:45] {nemo} ty
[10:45] {Threei}  4 for 4
[10:45] {Threei}  can I go home?
[10:45] {magoo} FCX will never ever pllbk again
[10:45] {magoo} no cause X killed me
[10:45] {Threei}  I don't count RIMM poullback entry, was just a general idea without exact number for entry
[10:45] {nemo} tck either
[10:45] {magoo} had 1200 shares short
[10:45] {Threei}  X didn't kill you
[10:45] {magoo} DEAD DEAD DEAD
[10:45] {Threei}  you killed yourself
[10:46] {magoo} rightm, but i pay u to
[10:46] {Threei}  enter in opposite direction by mistake, fine, sh*t happens,
[10:46] {magoo} so back to work
[10:46] {Threei}  but why stay wit it?
[10:46] {magoo} cut it .98
[10:46] {Threei}  why not dump it as soon as it broke the other way?
[10:47] {magoo} hell vad, .98 was in 12 secs
[10:47] {Threei}  go figure... normally everyone is happy when they work fast
[10:48] {magoo} if i wasnt IDIOT, been RICH
[10:48] {magoo} cause i would a rode it up
[10:50] {Les} BK read vad?
[10:50] {Threei}  oh come on les, it's just 2 letyters
[10:50] {Threei}  but yeah
[10:50] {Threei}  try short
[10:50] {Threei}  20 break
[10:50] {nemo} out hal .55
[10:51] {Threei}  28, sorry
[10:51] {Les} ah funny guy. ok
[10:55] {Threei}  (EU) EU draft document reportedly requests the G20 fight currency market tensions - unconfirmed report (related USD/CNY USD/JPY USD/CHF AUD/JPY AUD/USD USD/CAD )
[10:55] {ese} out mrvl .90
[10:55] {Threei}  how are they supposed to fight them?
[10:55] {ese} +.38
[10:55] {nemo} dino...whaddya' think of grmn
[10:56] {dino} kra sm l .00
[10:58] {Threei}  wtg ese
[10:58] {Threei}  (GR) Greece PM: If voters reject reforms on Sunday there will be no choice but to call an early election (related EUR/GBP EUR/USD NBG )
[10:59] {Threei}  {voters} fine with us
[11:00] {dino} bad report grmn
[11:00] {Les} half out bk .90
[11:01] {Threei}  BK 1:1
[11:02] {ese} tks
[11:02] {ese} delayed tks
[11:03] {Les} was gonna say " I love the smell of shorts in the morning" but decided against it
[11:04] {nemo} ewwwwww...scary
[11:04] {Threei}  thank you for this retsraint
[11:04] {Threei}  CIA Reports Q3 $0.03 v $0.04 y/y, R$45.5Mv $44.8M y/y (7.30, +0.07, 0.97%)
[11:04] {Les} yeh not a quote that copies well
[11:04] {Threei}  didn't know CIA was public
[11:05] {Threei}  not that smell of longs sounds much better, mind you...
[11:05] {Les} y
[11:07] {Les} covered in full .81 ty vad
[11:07] {Threei}  :)
[11:07] {Les} dunno just like shorting stuff
[11:08] {Threei}  you are mean
[11:08] {Les} causes me more fear to hold that  hal long than to short bk
[11:08] {Threei}  and I don't say it in negative way
[11:10] {nemo} in cat .25
[11:10] {nemo} 1/2 out .36
[11:12] {Les} back for close. Aikido time shortly. cheers
[11:13] {RonS} hey mags, Hillary's power:  http://apnews.myway.com/article/20101105/D9J9TVMG1.html
[11:14] {Threei}  AIG CEO: may consider IPO of ILFC aircraft leasing unit in the future - WSJ
[11:14] {Threei}  - REMINDER: AIG was shopping ILFC last year but in January 2010 decided to keep the unit.
[11:15] {dino} hos sm l .85
[11:16] {_flautero} good bye pals, have a nice weekend and good luck for the rest of the day!:)
[11:17] {Threei}  take care flautero, have a good one
[11:17] {dino} cya flaut
[11:18] {nemo} out cat .44
[11:19] {dino} fsys
[11:19] {patience} .
[11:23] {nemo} pivot support .13 on fsys
[11:24] {nemo} this looks like bounce area for fsys otherwise looks like 36.80
[11:25] {ese} L dish .85
[11:25] {dino} feels like .00
[11:26] {nemo} o.k.  just sayin' next chart support at 36.80
[11:26] {ese} for dish dino
[11:26] {dino} understood and appreciated
[11:26] {dino} es no, fsys
[11:26] {ese} ah
[11:27] {ese} you thinkin about long .00
[11:27] {dino} yes, or break of .25
[11:29] {dino} sm l .19
[11:29] {dino} tricked me
[11:31] {nemo} grmn break .05?
[11:31] {davd} in hos .85
[11:32] {nemo} IH&S forming on fsys
[11:32] {nemo} damn
[11:32] {RonS} question of the day:  was he trying to impersonate 3i?  http://tinyurl.com/292lyf3
[11:32] {RonS} :D
[11:33] {Threei}  yikes
[11:34] {nemo} what, me missing grmn?
[11:34] {RonS} just joking...
[11:34] {Threei}  I am no Alen Delon, but I am nowhere THAT ugly
[11:35] {RonS} pretty funny story though...
[11:42] {kowboy} hal
[11:44] {dino} fsys stopped -.20
[11:46] {ese} out dish .91 +.06
[12:02] {Threei}  (US) Preview: Sept Pending Home Sales due out at 12:30ET
[12:02] {Threei}  **Consensus expectation: 3.0%e v 4.3% prior
[12:02] {Threei}  - Most estimates range between -1% to +4%.
[12:03] {dino} rumors xom preparing bid for bp; real$
[12:04] {dino} hmin sm l .05 ave
[12:09] {ese} L mchp .75
[12:17] {Threei}  we are about to see our beloved president on TV- second time today
[12:17] {Threei}  I think the main message he got from the elcetion: we haven't seen enough of you yet
[12:24] {dino} lol
[12:25] {dino} he will say, the voters did not know what was good for them
[12:25] {Threei}  of course theye didn't... in 2008
[12:25] {kowboy} Karl Marx would be proud of him
[12:26] {Threei}  Lenin wouldn't though
[12:27] {dino} lenin would just shoot
[12:27] {Threei}  not shooting people en masse... not a good communist
[12:31] {Threei}  *(US) SEPT PENDING HOMES SALES M/M: -1.8% V 3.0%E
[12:31] {Threei}  Y/Y: -24.9% V -18.4% PRIOR
[12:31] {Threei}  NAR: Existing-home sales have shown some improvement but the foreclosure moratorium is likely to cause some disruption and contribute to an uneven sales performance in the months ahead," he said. "Nonetheless, there appears to be a pent-up demand that eventually will be unleashed as banks resolve their issues with foreclosures and the labor market improves. However, tight credit and appraisals coming in below a negotiated price continue to constrain the market."
[12:41] {dino} fsys sm l .30 stop .99
[12:41] {dino} sm l meli .00, stop .69\
[12:43] {ese} out mchp .87 +..12
[12:43] {ese} making money is a whole lot easier today than yesterday thats for sure
[12:44] {Threei}  gap up vs ga[ down day
[12:44] {Threei}  there is a good reason why seeing huge gap in the morning we sigh and want to go back to bed
[12:46] {davd} in meli .98 .98
[12:48] {ese} i'm sure what it is vad but i agree with it
[12:48] {ese} i'm not
[12:51] {Threei}  let me try and put it in words
[12:52] {Threei}  during strong market uptrend, gap down day presents us with entry opportunitie
[12:52] {Threei}  which we happily use.
[12:52] {Threei}  Gap up is different,
[12:52] {Threei}  it doesn't sell much, since we are in uptrend,
[12:52] {Threei}  and it tends to stall or slowly creep up,
[12:52] {Threei}  thus leaving most of market gains in the gap
[12:53] {Threei}  and not presenting us with clear entries
[12:54] {dino} stop fsys
[13:13] {dino} out hmin .74, +.69
[13:14] {Threei}  nice
[13:14] {dino} ty
[13:21] {nemo} don't look at fsys
[13:25] {nemo} tell me you didn't look at fsys, dino
[13:26] {ese} i'm done for the all.......have a great weekend
[13:26] {ese} day
[13:26] {dino} ugh
[13:26] {Threei}  take care ese, have a good one
[13:27] {ese} you as well vad
[13:27] {dino} cya es
[13:27] {ese} dino
[13:29] {dino} out meli .80, +.80
[13:34] {larisa} gj
[13:35] {dino} ty
[13:54] {patience} .
[14:00] {dino} itri sm l .43, stop .09
[14:03] {nemo} aig
[14:15] {dino} stop itri flat. have to leave for hour
[14:19] {Threei}  Fed's Bernanke: Fed is working to strengthen banks
[14:19] {Threei}  no doubt
[14:19] {Threei}  it's time to think of something or someone else
[14:19] {Threei}  - stress tests were very helpful; the more capital banks have, the safer they will be
[14:19] {Threei}  let me offer my version:
[14:20] {Threei}  the more capital banks have, the more we pay for it
[14:22] {Threei}  - On QE2, says cutting rates to near zero for the first time ever was not enough; recession is over but growth in not very fast. Reiterates QE2 action was meant to foster a "faster recovery." Shortly after the original Treasury purchasing program, the economy started to improve.
[14:23] {RonS} perfect. pelosi to run for minority leader.  the only person better for the repubs would be barney wawa.
[14:23] {Les} hi vad, db index?
[14:23] {Threei}  ?
[14:24] {Les} forget it
[14:24] {Threei}  - Says one expection to the low inflation being observed is globally traded commodities rising "pretty sharply."
[14:24] {nemo} yeah, all the inputs to finished goods going north
[14:25] {nemo} aig might go momo
[14:25] {Threei}  Does not expect much of the rise in commodity prices to be passed through. If Fed starts to see commodity prices pass through, may need to act on that.
[14:25] {Threei}  - Bernanke speaking to a group of students in Florida today.
[14:25] {Les} did they throw their shoes at him?
[14:26] {nemo} mmmhhhh....has he seen FRICKIN' GAS PRICES???
[14:26] {Les} going up?
[14:26] {Threei}  this guy is plain scary
[14:26] {Les} or has a good poker face
[14:26] {Threei}  he is either beyond clueless, or lives in total bubble, or both
[14:27] {RonS} bubble or both
[14:27] {nemo} CSX break of .70?
[14:28] {Threei}  nah
[14:28] {nemo} yah
[14:28] {RonS} ...will be interesting to see if Ron Paul can get his hands around Bernanke's throat...he is preparing subpoenas ou the ying yang for their records once Jan begins
[14:30] {nemo} 1:1
[14:30] {Les} $ ain't so quick to drop anymore. still yet to gain solid traction
[14:32] {nemo} 1:2
[14:32] {nemo} out
[14:32] {RonS} wtg
[14:32] {nemo} ty
[14:37] {RonS} perfect. big jerk gets job suspension...Olberman
[14:37] {nemo} 1:3
[14:38] {Threei}  nice
[14:38] {RonS} w/ market help...of course...
[14:39] {Les} sweet Nemo nice one
[14:40] {Threei}  wow
[14:40] {Threei}  nemo fainted
[14:40] {Threei}  les called him sweet and nice
[14:40] {nemo} wtf..ruin my reputation
[14:41] {Threei}  GOP Primary Voters Like Palin Best, With Romney, Huckabee Close Behind
[14:41] {Threei}  oh boy
[14:42] {Threei}  here comes second term for obama
[14:44] {Les} hahaha nuances of english language lost in chat room
[14:45] {magoo} vad, u like AIG short?
[14:45] {Threei}  no
[14:45] {magoo} u like it long?
[14:45] {Threei}  no
[14:45] {Threei}  I don't like it period
[14:46] {magoo} u like FCX for bounce?
[14:46] {Threei}  yes but don't see setup yet
[14:46] {Threei}  watching
[14:46] {magoo} whew
[14:46] {nemo} could go to yesterday's close
[14:46] {Threei}  les, what are those "nuances" of which you speak so fondly?
[14:46] {magoo} 3 tries
[14:47] {Les} 'sweet Nemo'
[14:47] {Threei}  are those like pastries?
[14:47] {Les} Ma Cherie Nemo..... no
[14:48] {nemo} glad he's 4000 miles away
[14:48] {Les} and you're a psycho armed to the teeth
[14:48] {nemo} hardly armed to the teeth
[14:49] {nemo} at least by my standards
[14:49] {Les} what's in the arsenal?
[14:49] {Threei}  yeah, he has no single long-distance missile
[14:49] {nemo} various and sundry implements
[14:49] {Les} sbux read vad?
[14:49] {Les} pullback long entry or short?
[14:50] {Threei}  none, narrowed too much
[14:50] {Les} ok
[14:52] {magoo} um ..AIG
[14:52] {magoo} sigh
[14:53] {RonS} olby blog commentary:  i'm not sure why THIS was the straw that broke the camel's back. let's hope it is temporary...or we will have to mock who they put in the timeslot. Maddow?  Alan Grayson?  The ghost of Che'?
[14:54] {magoo} MEE
[14:54] {magoo} MEE
[14:55] {Threei}  MEE evaluating offer from ANR - WSJ (46.54, +4.33, 10.26%)
[14:56] {magoo} offer price??
[14:56] {Threei}  none posted
[14:56] {Threei}  (US) Preview: Sept Consumer Credit due out at 15:00ET
[14:56] {Threei}  **Consensus expectation: -$3.0Be v -$3.3B prior
[14:57] {RonS} anr
[14:57] {Threei}  FCX
[14:58] {RonS} xyz
[14:58] {RonS} lol
[14:58] {nemo} tough one...I think .76 is magnet
[14:58] {Threei}  yeah, changing my mind abiut long on it
[15:00] {Threei}  *(US) SEPT CONSUMER CREDIT: $2.1B V -$3.0BE
[15:01] {Threei}  - Prior revised lower to -$4.9B from -$3.3B
[15:01] {Threei}  - Total consumer credit annual rate -%
[15:01] {Threei}  - Revolving credit -$xB (24nd straight decline; longest decline on record); -% annual rate
[15:01] {Threei}  - Non Revolving credit +$x.xB; % annual rate.
[15:01] {Threei}  ***Insight: Consumer Credit has declined for 22 of the last 24 months since the beginning of the credit crisis. During this period, monthly credit has only risen in the months of Jan 2010 and Jan 2009.
[15:01] {RonS} sp + number?
[15:01] {Threei}  first rise since Jan, third month in last 24 where there has been a rise
[15:01] {RonS} -2.1 or +2.1?
[15:02] {Threei}  +
[15:02] {RonS} k
[15:02] {RonS} must be autos
[15:03] {RonS} anr d/b or breakdown?
[15:05] {Threei}  news-fueled move...
[15:05] {Threei}  can't tell
[15:32] {Les} MEE too fast for me. .99 b/d missed
[15:33] {Les} 47 b/d
[15:34] {Les} s MAR .55 stop above .62
[15:36] {RonS} nuts lvs
[15:39] {Les} half out .50
[15:39] {Les} covered half sorry
[15:43] {Les} all out .50 c u's monday
[15:43] {nemo} TFTW
[15:43] {RonS} cya les
[15:49] {Threei}  follar ends rather strong
[15:49] {Threei}  dollar too
[15:52] {RonS} looks like key reversal day lvs daily...but it needs to go to sub 50 close to confirm
[15:52] {RonS} massive volume
[15:54] {RonS} wow look lvs puts
[15:54] {RonS} ...and calls
[15:56] {Threei}  ok guys, nice end to a decent week
[15:56] {Threei}  let's have a good relaxing weekend
[15:57] {Threei}  thank you all, see you on Monday
[15:57] {Threei}  dion't forget to switch the clock
[15:57] {RonS} jf?

Thursday, November 4, 2010

Nov 04 2010

Sideways day for us as most gains were in the gap. Some wins, some stops, about flat overall, and no interesting charts. Yawn.

Session Time: Thu Nov 04 00:00:00 2010
[08:09] {magoo} mlorn
[08:09] {Threei}  ya think?
[08:09] {magoo} sigh, starting out well
[08:10] {Threei}  :)
[08:10] {magoo} can u believe this mkt
[08:10] {magoo} every dip bought every time
[08:11] {Threei}  well... with these idiots ruling us
[08:11] {Threei}  there is not much left I couldn't believe in
[08:11] {Threei}  including change
[08:11] {Threei}  (pun intended)
[08:17] {magoo} pot hammered, news
[08:17] {Threei}  (US) Preview: Weekly Initial Jobless Claims and Continuing claims due at 08:30 ET (12:30 GMT)
[08:18] {Threei}  (US) Preview: Q3 Preliminaryl Nonfarm Productivity and Unit Labor Costs due at 8:30am
[08:28] {nemo} mmmhhhh mos rose
[08:28] {Threei}  POT's killed
[08:29] {Threei}  fed said no to merger
[08:31] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 457K V 442KE
[08:31] {Threei}  *(US) Q3 PRELIMINARY NONFARM PRODUCTIVITY: 1.9% V 1.0%E; UNIT LABOR COSTS: -0.1% V 0.6%E
[08:31] {Threei}  CONTINUING CLAIMS: 4.340M V 4.378ME
[08:31] {Threei}  Prior Initial Jobless Claims revised higher from 434K to 437K
[08:31] {Threei}  - Prior Continuing Claims revised higher from 4.356M to 4.382
[08:31] {Threei}  but of course
[08:33] {nemo} well, might as well tell Dino to go back to bed when he logs on
[08:35] {_flautero} Good morning
[08:36] {Threei}  flautero :)
[08:37] {RonS} buenos dias hombres
[08:37] {Threei}  ron :)
[08:37] {RonS} nemo, i see meli is down pre so dino may have something to do
[08:46] {Threei}  *(EU) ECB LEAVES MAIN REFI RATE UNCHANGED AT 1.00%; AS EXPECTED
[08:49] {Les} morning
[08:50] {Threei}  les :)
[08:50] {Les} so... how do we go into battle today vad? long the pullbacks?
[08:50] {Threei}  no idea
[08:51] {Les} wait n see. ok
[08:51] {Threei}  yeah
[08:51] {Threei}  this is highly unusual situation
[08:53] {nemo} scenario: pullback on open because of overnight gap, then this thing starts running again by 10:30
[08:54] {nemo} and runs
[08:54] {nemo} and runs
[08:54] {nemo} unless other countries lock down capital inflows, and companies falter, this is a lock until next june
[08:56] {Les} why June?
[08:57] {nemo} that's when the treasury purchases are supposed to end
[08:58] {Les} aaah right. u mean extended I think...
[08:59] {Threei}  if they continue doing what they do right now, those purchases will never end
[08:59] {Threei}  it's a vicious cycle
[09:00] {Les} they're just buying Washington debt aren't they?
[09:00] {Les} medium term paper
[09:00] {Threei}  the longer they do it the harder to ween off of it
[09:00] {Les} I think
[09:00] {nemo} I think other countries will lock down their economies, we're driving inflation there
[09:00] {nemo} yep, it's a ponzi scheme
[09:00] {Les} yeh. not a dime for new highways, smart grids etc?
[09:01] {Les} or is that QE3 maybe :)
[09:01] {Les} gotta wait for the sequel
[09:01] {dino} gm all
[09:02] {Threei}  dino :)
[09:02] {Threei}  it jujst starts looking more and more like desperation and hysterical pushing of the buttons
[09:02] {nemo} tna long on this pullback...go back to bed dino
[09:02] {Threei}  for now they push the same button many times
[09:02] {Threei}  very soon they will start pushing random ones
[09:03] {dino} looks that way nemo
[09:03] {Les} hopefully not the red button
[09:03] {Les} no wars to cover washington's stupidity please
[09:03] {Threei}  let's hope... but...
[09:06] {khaln} g morning
[09:06] {Threei}  khaln :)
[09:07] {Les} http://miburl.com/ZbmZDI
[09:07] {Les} one day I'd like to be in the right spot to photo such an event
[09:08] {Les} beautiful to look at
[09:09] {ese} morning
[09:09] {Threei}  ese :)
[09:10] {Threei}  congratulations on losing premier
[09:10] {Les} POT weaker than market. under 140 or maybe 140 break. Big gap to close
[09:10] {davd} hi all
[09:10] {Threei}  davd :)
[09:10] {Threei}  POT is killed by feds blocking nerger
[09:10] {Les} right
[09:10] {Threei}  merger too
[09:10] {ese} definitely.......was thinking about going over and offering him a drink
[09:11] {Threei}  can't believe he didn't do it months ago
[09:12] {ese} years ago
[09:12] {Threei}  lol
[09:12] {Threei}  EU) Reminder: ECB post rate decision press conference to begin after 9:30am ET (13:30 GMT
[09:12] {Threei}  - Trichet typically begins the press conference with standard phrases that reiterate the interest rates environment remains appropriate; price developments remain moderate and expectation remain anchored
[09:12] {Threei}  - Dealers will look for cluse on any additional steps to exit the special stimulus measures
[09:14] {larisa} gm :)
[09:14] {Threei}  larisa :)
[09:14] {larisa} vad :)
[09:14] {Threei}  guys, couple words about today
[09:14] {ese} laris
[09:14] {Threei}  I see this situation as highly unusual,
[09:14] {ese} go long ?
[09:15] {larisa} ese :)
[09:15] {Threei}  because expected happened - and market reacts, so far at least, in obvious and highly expected way.
[09:15] {Threei}  this is not how market works
[09:15] {ese} hmmmmmmm.......that is an interesting thought
[09:16] {Threei}  and before determining the main motive of trades to take I want to stay with scalps,
[09:16] {davd} i agree i agree 3i.
[09:16] {Threei}  observe and try to gauge what is happening:
[09:16] {Threei}  result of yesterday's FOMC was not as widely expected as I thought it was,
[09:16] {Threei}  or
[09:17] {Threei}  it's just a timing matter
[09:17] {Threei}  and normal way of the development is to come
[09:17] {ese} does beg the question......so whats up?..... for sure
[09:18] {Threei}  Whatever it is, huge gap up days are rarely cinducive for good tgrading opportunities
[09:18] {Threei}  so we wouldn't be very active anyway
[09:22] {Les} USD showing signs of bouncing against major currencies, but could be another false move
[09:23] {Les} http://www.finviz.com/forex_charts.ashx?tf=m5
[09:23] {Les} 5 min timeframe
[09:24] {magoo} vad, watch QCOm for pllbk too 48 asrea, then bounce too
[09:25] {ese} thats an excellent website les....was looking through it the other day
[09:28] {Les} yeh when we are so dependent on the $ for trading like at the moment worth keeping an eye on
[09:29] {jfjf64} mornin
[09:29] {Les} fashionably late hey jf
[09:29] {Threei}  jf :)
[09:30] {Les} rimm 57
[09:31] {jfjf64} LOL
[09:31] {jfjf64} les
[09:32] {Les} crap rimm dbi
[09:32] {Les} way too fast
[09:33] {Threei}  DBI?
[09:33] {Threei}  there wsas no any setup either way
[09:33] {Threei}  just hectic jumps
[09:33] {Les} really. was looking at .10 resistance .99 b/d
[09:34] {magoo} crushing wynn
[09:34] {Les} yet lvs rockets
[09:36] {Threei} Short Setup: X  47 break
[09:37] {Threei}  late alert?
[09:37] {magoo} missed
[09:37] {Les} 2nd opportunity?
[09:37] {Threei}  let's see if gives a chance
[09:38] {Les} in
[09:38] {Threei}  same setup
[09:38] {Threei}  if stays under .10
[09:39] {Les} out
[09:39] {Threei}  1:1, covering half
[09:40] {Threei}  touched 1:2, nmissed second cover
[09:40] {Threei}  stop above b/e
[09:41] {ese} qcom mags....thoughts
[09:41] {Les} lvs vad
[09:42] {Threei}  out
[09:42] {Threei}  scalpers win
[09:42] {Threei}  wanted LVS short, couldn't nail entry
[09:42] {Threei}  too bad
[09:44] {magoo} wheres the FCX sghort vcad?
[09:45] {Threei}  .20 break
[09:45] {Threei}  but half lot
[09:45] {Threei}  treacherous thing here
[09:45] {Threei}  if stays under .35
[09:45] {Threei}  1:1
[09:45] {Les} yeh
[09:45] {Threei}  lol
[09:45] {magoo} miossed it F
[09:45] {Threei}  no kidding
[09:47] {Threei}  LVS .70 break after bounce was it but happened faster than I could blink
[09:47] {Les} so everythings jumpy this morning
[09:47] {Threei}  well, X short was easy
[09:48] {Les} y
[09:48] {Threei}  gave perfect entry
[09:48] {Threei}  (EU) ECB's Trichet: ECB: Trichet still trust that strong dollar in the US interest - Q&A session
[09:48] {Threei}  yes, the nly problem is, ben doesn't trust it
[09:48] {dino} lol
[09:49] {Les} how can they speak that crap
[09:49] {dino} it's a race to devalue the fastest
[09:49] {Threei}  I think they have a button disconnecting breain from the mouth
[09:49] {Les} just after they tell the world they're printing
[09:49] {Threei}  brain
[09:50] {Les} they must think the world uninformed and stupid
[09:50] {nemo} operating under the Mencken principle
[09:50] {Les} which is probably half true
[09:50] {dino} i think because joe average thinks a strong dollar is important
[09:50] {Threei}  and they take drug supressing conscience
[09:50] {dino} when realitically
[09:50] {dino} it is not
[09:50] {Les} yeh or promise of big payout at end keeps their mouths shut
[09:51] {Threei}  (RU) Reportedly Russia to halt purchases of frozen chicken, effective 1st Jan
[09:51] {Threei}  Russdia quits frozen chicken cold turkey
[09:51] {RonS} send live ones
[09:51] {Les} not bad vad, not bad
[09:51] {Threei}  ah thank you
[09:51] {Les} x
[09:51] {Les} new high?
[09:52] {Threei}  ok
[09:52] {Threei}  LVS
[09:52] {Threei}  let's try and get short
[09:52] {Threei}  .60 break
[09:52] {Threei}  if stays under .70
[09:54] {Threei}  no go
[09:54] {magoo} WOW i caught that WYNN 09 t0 .99 in 2 seconds
[09:55] {magoo} look at minute chart
[09:55] {Threei}  quite a spike
[09:55] {Les} outta here. market too fast for me
[09:55] {dino} nice
[09:55] {magoo} oh no u dont les
[09:55] {Les} gonna work the bench. back when things slow down
[09:56] {Threei}  killed our LVS short
[09:57] {magoo} apol rott
[09:57] {magoo} qcom rott
[09:57] {magoo} full xmas tree qcom
[10:00] {magoo} vad read qcom please
[10:01] {Threei}  short, IMO
[10:03] {Les} nice one mags I owe ya
[10:03] {magoo} sigh now wynn greatest shit ever
[10:03] {Les} .46 to .26 short
[10:04] {Threei}  hmmm
[10:04] {Threei}  I call short, mags gets thanks... life is so unfair
[10:04] {magoo} :)
[10:04] {Les} you're on ignore list for the day
[10:04] {Les} :P
[10:04] {Les} thanks vad
[10:05] {jfjf64} apol
[10:05] {jfjf64} bounce  time
[10:05] {jfjf64} ??
[10:05] {Threei}  not sure
[10:05] {Threei}  tough one
[10:05] {magoo} scroll up, i called this qcom pre mkt
[10:06] {jfjf64} yes
[10:08] {Threei} Long Setup:  QCOM  .50 break
[10:08] {Threei}  half lot
[10:08] {Threei}  invalidated
[10:10] {Les} qcom bouncing off first MA support
[10:11] {Les} still plenty of air under it
[10:11] {Threei}  read this:
[10:11] {Threei}  http://www.cnbc.com/id/39998421
[10:11] {Threei}  this is something that may change whole game
[10:11] {nemo} it has to come
[10:12] {jfjf64} caught it
[10:12] {Les} yeh ECB pussy foots around with polite language right now. how long before that changes
[10:12] {jfjf64} qcom
[10:12] {jfjf64} aggressive
[10:12] {magoo} i hit .38 to .73 qcom
[10:12] {magoo} judt now
[10:12] {Threei}  wtg
[10:12] {jfjf64} i will ty
[10:12] {jfjf64} +22 cents
[10:13] {Threei}  :)
[10:13] {magoo} 48 has been support thru last nite
[10:13] {jfjf64} ty
[10:13] {Les} nice tight stop mags
[10:13] {Threei}  APOL
[10:13] {Threei}  feels ready
[10:15] {jfjf64} ??
[10:15] {jfjf64} tough  entry
[10:15] {jfjf64} so far
[10:15] {Threei}  .10 held so far
[10:16] {Les} u wanna short it?
[10:16] {Threei}  ??
[10:16] {Threei}  1:1
[10:16] {Threei}  1:2
[10:16] {Les} crap I was long .10 and misunderstood
[10:16] {jfjf64} yeahhhhhhhhhhhhhhhhhh
[10:16] {Threei}  come on
[10:17] {jfjf64} ty
[10:17] {Threei}  long was 35 break
[10:17] {jfjf64} .12
[10:17] {Threei}  1:3
[10:17] {jfjf64} out.23
[10:17] {Threei}  out
[10:17] {Les} yeh but .10 held so far = resistance to me
[10:18] {Threei}  running commentary as play developed
[10:18] {Les} it's my fault. I saw the reversal you did
[10:18] {Threei}  jf asked earlier abut APOL bounce
[10:18] {Threei}  so, 10:13] {Threei} APOL
[10:18] {Threei}  [10:13] {Threei} feels ready
[10:18] {Threei}  was follw-up
[10:19] {jfjf64} you  dont  hv to  explain  3i
[10:19] {Threei}  and it was consolidating under major trigger at the moment
[10:19] {jfjf64} lol
[10:19] {Threei}  just so it's clear next time
[10:19] {Threei}  not always possible to type full alert
[10:20] {Threei}  being quite standard setup for us, I assumed it was clear enough
[10:20] {jfjf64} ass    u     me
[10:20] {Les} yeh it should have been. don't know why I bailed at .99
[10:20] {jfjf64} sndk
[10:21] {jfjf64} litle mover  today
[10:21] {Les} looks like edu down day. you watching them dino?
[10:21] {dino} y
[10:21] {Les} no, not edu. just esi, apol
[10:23] {jfjf64} missed  .30  break sndk
[10:23] {ese} dino you into anything
[10:23] {jfjf64} my set up all the  wy  3i
[10:23] {dino} no
[10:23] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrr
[10:23] {ese} me neither
[10:24] {Threei} Long Setup:  LVS  .85
[10:25] {jfjf64} stop
[10:25] {Threei}  if stays above .75
[10:25] {jfjf64} .70
[10:25] {jfjf64} ty
[10:25] {Threei}  and this time not a scalp
[10:26] {Threei}  invalidated
[10:26] {jfjf64} rince
[10:26] {jfjf64} ??
[10:27] {Threei}  could be
[10:27] {jfjf64} ya  call
[10:27] {jfjf64} you 3i
[10:28] {Threei}  can't tell
[10:28] {jfjf64} k
[10:29] {jfjf64} will try
[10:29] {Threei}  I dunno
[10:29] {Threei}  market new high
[10:29] {jfjf64} hold
[10:29] {jfjf64} .70\
[10:29] {Threei}  LVS can't trigger
[10:29] {Threei}  I no longer view it as long here
[10:30] {jfjf64} me  either
[10:30] {Threei} Short Setup: RIMM  .20 break
[10:30] {Threei}  half lot
[10:30] {Threei}  *EIA NATURAL GAS INVENTORIES: +67 BCF VS. +65 TO +70 BCF ESTIMATE RANGE (related UNG USO )
[10:31] {magoo} in
[10:31] {Threei}  first who asks about stop gets trouted
[10:31] {magoo} stop??
[10:31] {Les} hmmm
[10:31] {Threei}  gosh UNG
[10:31] {nemo} you use stops?
[10:31] {Threei}  lol
[10:35] {_flautero} im a little confuse, RIMM is a breakout?
[10:35] {Threei}  no go
[10:35] {_flautero} .30?
[10:35] {_flautero} stop .20?
[10:35] {Threei}  10:30] {Threei} Short Setup: RIMM .20 break
[10:35] {Threei}  other way around
[10:36] {_flautero} but uhmmm why threei
[10:36] {_flautero} is very powerful
[10:36] {_flautero} rimm
[10:36] {larisa} always ? :)
[10:37] {_flautero} no
[10:37] {_flautero} at the moment
[10:37] {_flautero} higher lows
[10:37] {_flautero} big buy volume
[10:37] {_flautero} ¿?
[10:38] {Threei}  that was simple double top setup
[10:38] {Threei}  even strong ones reverse at some point, no?
[10:38] {_flautero} ah ok ok
[10:38] {dino} meli sm l .50
[10:38] {_flautero} understand dobble top setup in 1 minute chart
[10:38] {_flautero} thanks vad
[10:39] {Threei}  10:20 and 10:28,
[10:39] {_flautero} yes
[10:39] {Threei}  lower second top,
[10:39] {_flautero} understand
[10:39] {Threei}  on lower volume
[10:39] {Threei}  classic reversal
[10:39] {_flautero} and the second top with volume
[10:39] {_flautero} yes
[10:42] {Threei}  look LVS, jf
[10:42] {Threei}  10:29] {Threei} I no longer view it as long here
[10:42] {Threei}  too bad we haven't made next step
[10:42] {Threei}  and called short
[10:43] {jfjf64} hmm
[10:43] {jfjf64} .70
[10:43] {Threei}  yeah
[10:43] {jfjf64} shame  on  me
[10:43] {Threei}  yes
[10:43] {Threei}  shame on you
[10:43] {jfjf64} for  not  botherin ya  on  that
[10:44] {jfjf64} lol
[10:44] {Threei}  leave me out of this
[10:44] {Threei}  shame on you, period
[10:44] {jfjf64} lets  blame  les
[10:44] {Threei}  fine with nemo
[10:44] {jfjf64} yup
[10:45] {Les} actaully was thiinking lvs short but couldn't see anything in it
[10:45] {jfjf64} ohh stop
[10:45] {jfjf64} lol
[10:45] {Threei}  its relative weakness was a clue, but exact setup was not apparent
[10:47] {Les} grabbed .10 of QCOM short. prefer playing with big percentage movers
[10:48] {jfjf64} aapl
[10:48] {jfjf64} 318
[10:48] {dino} out meli .92, +.42
[10:49] {jfjf64} go  aapl
[10:49] {nemo} BIDU might be bottoming
[10:50] {jfjf64} booooooooooooommmmmmmmmmmmm
[10:50] {jfjf64} machine
[10:50] {jfjf64} gimme  1.00
[10:51] {jfjf64} out
[10:51] {Threei}  lol
[10:51] {Threei}  wtg
[10:51] {nemo} aig .90 break
[10:51] {jfjf64} nice  set up
[10:51] {jfjf64} little  cup
[10:51] {jfjf64} 318
[10:52] {jfjf64} lv  that
[10:52] {jfjf64} jf going to tk  shower   see ya little
[10:53] {jfjf64} life of  trader
[10:53] {jfjf64} good  morni
[10:53] {Threei}  more details than I ever wanted to know
[10:53] {jfjf64} take shower
[10:53] {jfjf64} bad  morni
[10:53] {Les} how many days since you took shower jf?
[10:53] {jfjf64} no shower
[10:54] {jfjf64} try  4/5 days
[10:54] {Threei}  AIG... maybe aggressive
[10:54] {Threei}  near support
[10:54] {nemo} nice...we'll nickname you goat
[10:54] {Threei}  and market spikes
[10:54] {jfjf64} aapl
[10:54] {nemo} market is spiking
[10:54] {jfjf64} all time  high
[10:54] {jfjf64} $$
[10:57] {jfjf64} settin  up  again
[10:57] {jfjf64} aapl
[10:57] {jfjf64} .10 support
[10:57] {jfjf64} .46
[10:58] {jfjf64} takeoff
[10:58] {RonS} pomo ending 3 minutes...time to short
[10:59] {jfjf64} 320 coming
[11:02] {Threei}  AIG, aggressive entry works
[11:03] {RonS} hearing O saying tax cut extension to all...
[11:04] {RonS} well, maybe not...open to discussing it
[11:04] {Les} hmm increased tax and debasement of money. sounds like kings of old
[11:04] {Threei}  (GE) Germany Chancellor Merkel: Upcoming G20 meeting unlikely to solve the problem of systemic financial insitutions (related XLF IXG )
[11:04] {Threei}  ahhh
[11:04] {Threei}  what a disappointment
[11:05] {Threei}  just when you thought it was about to be over
[11:07] {ese} L qcom .48
[11:09] {magoo} dino, is it raining at your house ? lol
[11:10] {ese} thought it was gonna break .50 maybe not
[11:10] {dino} yes
[11:10] {khaln} .
[11:12] {Threei}  GLD...
[11:12] {Threei}  brrreak
[11:13] {Threei}  that's why ou never send a market order on such breaks
[11:15] {ese} stopped qcom .28 -.20
[11:25] {magoo} overall QCOM seems a short to me on bounces imo
[11:25] {_flautero} good bye all, i have my daily profit, thanks have a nice day
[11:25] {magoo} OH NO U DONT
[11:25] {Threei}  take care flautero
[11:25] {magoo} u cant use us and leave
[11:25] {Threei}  yes, now tou jhave to make a profit for the guy next to you
[11:25] {Threei}  and share
06[11:25] * magoo slaps _flautero around a bit with a large trout
[11:26] {_flautero} lol
[11:26] {_flautero} i just shorted qcom premarket
[11:26] {_flautero} lol +72 cents :O
[11:26] {_flautero} and then i did a long in apol
[11:26] {_flautero} and did my day
[11:26] {RonS} wtg dino...i mean _flautero
[11:27] {_flautero} yep
[11:27] {magoo} rons lol
[11:27] {magoo} see vad, newbie makes it look easy
[11:27] {_flautero} lol
[11:27] {magoo} RIG crushed
[11:28] {Threei}  let's ban newbies?
[11:28] {RonS} godzilla mags?
[11:28] {magoo} and lets HALT room monthly fee
[11:31] {Threei}  (US) IMF: Fed's QE2 action yesterday likely to have a 'modest impact' on the economy
[11:31] {Threei}  why do it then?
[11:33] {dino} imf said this not fed
[11:35] {Threei}  yeah, imbeciles start mixing in my head
[11:35] {Threei}  no can tell the difference any longer
[11:36] {Threei}  cluelessness unites them
[11:36] {Threei}  two consequtive lines on the bottom of TV screen
[11:37] {Threei}  first: Obama vows to move agenda of american people ahead
[11:37] {Threei}  second: republicans wov to stop obama's agenda
[11:37] {Threei}  Fannie Mae S&P estimates final taxpayer costs of Fannie and Freddie at $280B
[11:37] {Threei}  - Could rise as high as high as $685B with the establishment of an entity to replace the GSE's.
[11:38] {Threei}  oh good
[11:40] {ese} L qcom .30
[11:50] {ese} hmmmmmmm
[11:53] {dino} kra, hos
[11:54] {dino} fsys
[11:55] {dino} hos sm l .00, stop .69
[11:55] {RonS} hos sm l .00
[11:58] {davd} in hos .00 small
[12:06] {ese} yyyyaaaaaaaaaaawwwwwwwnnnnnnnnn.............ahemmmm   where were we
[12:07] {davd} yawn? i'm confused by this whole market.
[12:08] {ese} indeed
[12:11] {magoo} vad BIDU bounce?
[12:12] {Threei}  not sure why it sells like this
[12:12] {Threei}  no news that I see
[12:13] {khaln} BIDU going red on volume
[12:20] {Threei}  still no news
[12:20] {Threei}  but getting closer to bounce zone
[12:20] {nemo} pivot .16
[12:22] {Threei}  GM White House: Confident the US will earn back its entire investment in GM
[12:23] {nemo} of course they are
[12:25] {nemo} looking for bidu DB recross?
[12:26] {magoo} i like it..ease in small
[12:27] {magoo} in
[12:27] {magoo} what the "f" with channel serv
[12:29] {Les} market still mucking around is it?
[12:29] {nemo} ahhh, it was les magoo
[12:30] {Les} what, making mags money?
[12:30] {magoo} well, its really buy the dips
[12:30] {magoo} look fcx wynn
[12:30] {magoo} rimm
[12:31] {Les} rimm yeh I like
[12:31] {khaln} cien
[12:32] {Les} rimm short soon
[12:32] {magoo} .21 been holding it
[12:32] {magoo} like 3 times
[12:35] {magoo} [12:26] {magoo} i like it..ease in small
[12:35] {magoo} [12:26] {magoo} in
[12:35] {nemo} yep
[12:36] {magoo} coukld be the trade of day
[12:36] {magoo} but its not easy
[12:37] {magoo} read gld vad?
[12:37] {Les} rimm losing it. vwap and 200ma at .10
[12:38] {Les} indexes might say otherwise
[12:40] {Les} dollar creep up today
[12:40] {nemo} ?
[12:40] {Les} $ is creeping up today
[12:40] {Les} sorry, speaking like vad
[12:40] {jfjf64} ?
[12:41] {magoo} sh bidu here
[12:41] {nemo} imo, no
[12:41] {Les} yeh higher low
[12:42] {larisa} you think magoo was asking? :)
[12:42] {nemo} stop and target probably too close
[12:42] {nemo} of course not
[12:42] {jfjf64} lol
[12:42] {Les} no one was offering response lari
[12:43] {nemo} I did, but I know it's like pissing in the wind with magoo
[12:43] {larisa} :)
[12:43] {nemo} or should I say, tinkling in the breeze
[12:45] {Les} $ testing 76
[12:46] {khaln} damn all of this halloween candy
[12:46] {magoo} out
[12:46] {magoo} had dime
[12:46] {Les} you still trick or treating Khaln?
[12:46] {nemo} ;)
[12:46] {magoo} no good either way really
[12:46] {Threei}  lol
[12:46] {khaln} ya, going 2b fat next week.
[12:46] {Les} like tinkling in the breeze
[12:48] {Les} qcom is fair game now if market sells off IMO. all MA VWAP support cleared
[12:49] {Threei}  APOL Hearing defended at Morgan Stanley (timing uncertain) (35.40, -3.07, -7.98%)
[12:50] {Les} $ gaining traction
[12:51] {Threei}  my view is still:
[12:51] {Threei}  until I see strong dollar rally, I don't consider the market action normal
[12:52] {nemo} mmmhhh...use of word "normal" from you is....I'm not sure what it is
[12:52] {Threei}  insert "whatever your nrmal is" :)
[12:52] {nemo} magoo
[12:53] {nemo} bidu db?
[12:53] {magoo} like it sh
[12:53] {Threei}  short rather
[12:53] {Threei}  t me, normal market is one that acts against what most normal people consider normal
[12:54] {Threei}  market that normal people consider normal is abnormal by me
[12:54] {nemo} o.k. yogi
[13:00] {Threei}  (EU) IMF: ECB's decision to leave rates on hold is appropriate (related EUR/GBP EUR/USD )
[13:00] {Threei}  as if they know
[13:04] {Les} hmm vix is climbing
[13:14] {Les} $ back to 76. let's see if its support
[13:19] {Threei}  LVS chews though to new high
[13:19] {Threei}  through
[13:19] {Threei}  TV head just said:
[13:19] {Threei}  traders think this rally woll stay at least till the spring
[13:20] {jfjf64} look  mgm
[13:20] {Les} crap there goes qcom
[13:20] {Les} after stopping me out
[13:20] {jfjf64} ton  shares  .37
[13:20] {jfjf64}   keep   hide ing
[13:23] {Threei}  ben says QE2 will not be inglationary and will help create jobs
[13:24] {Threei}  he also promises to respect us in the morning
[13:25] {dino}  kra sm l .64, stop .33
[13:26] {Threei} Long Setup:  RIG  .60 break half lot
[13:27] {nemo} like x long here?
[13:27] {nemo} .75 break
[13:27] {Threei}  yup
[13:31] {nemo} oy offers at .60
[13:32] {Threei}  yeah
[13:32] {Threei}  X on the move
[13:32] {Threei}  no go RIG
[13:32] {nemo} missed rig
[13:32] {nemo} I mean X
[13:33] {Threei}  it gave second cnance
[13:33] {Threei}  chance
[13:33] {nemo} was watching rig
[13:35] {dino} jobs
[13:37] {Les} yeh dollar got some bounce in it now
[13:37] {Les} http://www.finviz.com/futures_charts.ashx?t=CURRENCIES&p=m5
[13:38] {Les} sustainable?
[13:38] {Les} today's $ move constitute a c&h?
[13:38] {Les} pretty shallow
[13:39] {Threei}  C&H is not a reversal at the bottom setup
[13:39] {Les} ok
[13:44] {ese} you sure called this day this morning vad.......i may take .08 to .10 cents in qcom and just call it a day
[13:44] {ese} sheesh
[13:48] {Les} hmm short squeeze in AVNR today
[13:48] {Les} might be worth a short
[13:49] {Threei}  meh
[13:49] {Threei}  just a little bounce
[13:49] {Threei}  on no volume
[13:50] {Les} you speaking about AVNR?
[13:50] {Threei}  yeah
[13:50] {Les} ok. I have MEH on screen. can't work out what you're on about
[13:51] {Threei}  lol
[13:51] {Les} just a bounce? ok forget about it
[13:53] {nemo} offer .05 bidu
[13:54] {nemo} eateb abd fekk'
[13:54] {nemo} but developing inverse H&S
[13:54] {nemo} maybe
[13:54] {ese} got!   to go.......cya
[13:54] {Les} ciao ese
[13:55] {Threei}  take care ese
[13:55] {ese} harry fa derchie les
[13:55] {ese} vad
[13:55] {Les} hmm TNA bounce is interesting here
[13:56] {Les} but IWM is getting weaker
[14:01] {Les} s qcom .30
[14:01] {Les} stop above .40
[14:05] {Les} cover .21
[14:06] {Les} damn if I'd stuck with QCOM only I'd be outta here. starting to find my niche in trading
[14:08] {dino} kra stopped
[14:15] {Les} $ very erratic. new high of session but immediately drops back
[14:19] {nemo} mon drop into support
[14:25] {Threei}  meanwhile,
[14:25] {Threei}  Manitoba Farmer is Charged with Neglecting 2000 Hogs
[14:26] {Threei}  on behalf of hogs, I am deeply disturbed
[14:26] {Threei}  those Manitoba farmers...
[14:32] {khaln} A nova scotia couple gives away $11M in lottery winnings.
[14:33] {Threei}  those nova scotia couples...
[14:35] {khaln} because they are in late seventes and sick, decided to help other families.
[14:35] {Threei}  no kids? other relaives?
[14:36] {khaln} family membes, hospitals,and medical clinics
[14:39] {Threei}  well, if they have kids, those are pretty unhappy right about now I suspect :)
[14:40] {dino} kra was big rinse
[14:40] {khaln} When asked why they continued to play the lottery if they had no intention to keep the money, said they played for fun
[14:41] {Les} GLD's gonna break soon
[14:41] {Les} .20
[14:41] {Les} building up
[14:41] {Threei}  unless UUP pullback is over
[14:41] {Threei}  careful
[14:42] {Threei}  GLD is all about UUP now I feel
[14:42] {khaln} cree
[14:45] {nemo} lawsuit by Shanda Literature against BIDU
[14:48] {magoo} must been leaked
[14:51] {Les} goddamn can't we create our own leaks dept. and get ahead of the crowd?
[14:51] {Threei}  want to be a chairman?
[14:55] {Les} well Nemo's good at BS so maybe he should chair this
[14:55] {nemo} one liners...vad tried to recruit me for it already
[14:56] {Les} well yeh
[14:56] {Les} feed those one liners to the market
[14:56] {Les} and make us rich
[14:56] {Les} for example:
[14:57] {Les} JPM trader talk of shutting down precious metals desk
[14:57] {Threei}  shrug
[14:57] {Les} sigh
[14:57] {Threei}  all these "shit down" turn into "spin off"
[14:57] {Les} I'll go back to my corner
[14:58] {Threei}  shut I mean
[14:58] {Threei}  I don't believe for a second any of the big banks would just quit trading business
[14:58] {Les} oh right. here I thought you were getting personal
[14:59] {Threei}  shrug
[14:59] {Les} hmmm deviousness required? got it
[14:59] {Threei}  remember whe they all reported
[14:59] {Threei}  "no signle losing day in three months"
[14:59] {Threei}  "trading income kept us profitable"
[14:59] {Threei}  etc'
[15:00] {Threei}  can you imagine them just quitting?
[15:00] {Threei}  why on earth
[15:00] {Les} oh for christs sake are you bored outta your mind!
[15:00] {Les} leave me alone :)
[15:00] {Threei}  jeez
[15:01] {Threei}  I am just discussing
[15:01] {Threei}  don't take it so personal
[15:01] {Les} I don't
[15:01] {Les} had my half bottle of wine ration
[15:01] {Les} having some fun now
[15:02] {Les} cause you don't have any trades for us
[15:02] {Threei}  (IS) Israel Central Bank's Fischer: will not allow housing prices to cause a crisis (related USD/ILS )
[15:02] {Threei}  ptay tell us Fischer, how you intend to accomplish that
[15:02] {Threei}  what trades, market is locked
[15:03] {Les} GLD?
[15:03] {Threei}  GLD flatlined
[15:03] {Les} sigh
[15:03] {magoo} BIDU nuts
[15:03] {Threei}  want to roll a dice which way it breaks?
[15:03] {Threei}  be my guest
[15:03] {Les} I'll be quiet now
[15:03] {Threei}  no you won't
[15:03] {Les} :)
[15:03] {Threei}  lol
[15:04] {Les} yeh pity BIDU wasn't offering reversal signal
[15:04] {Les} BIDU would be a classic case of "knife catching", would it not Vad?
[15:04] {Les} or a BB reversal signal you can see?
[15:05] {Threei}  didn't see ay
[15:05] {Threei}  sany
[15:05] {Les} ok
[15:05] {Threei}  any
[15:05] {Threei}  just drop-pop
[15:05] {Les} I can't see what I remember you teaching me
[15:06] {Threei}  there might be thrtee reasons for that
[15:06] {Threei}  1. I am a crappy teacher
[15:06] {Les} don't start
[15:06] {Threei}  2. you are a crappy student
[15:06] {Threei}  3. It wasn't there
[15:06] {Threei}  make your pick :)
[15:06] {Les} I'll take 3 for 200 thanks Vad
[15:18] {davd} hos moving
[15:18] {magoo} where she going
[15:18] {Threei}  market stasrts looking like break into close
[15:18] {davd} north
[15:18] {Threei}  rofl
06[15:18] * Threei slaps magoo around a bit with a large trout
[15:18] {Les} lol
[15:19] {Threei}  (US) White House Press Sec clarifies earlier comments; President Obama still opposes permanent tax cuts for upper income brackets
[15:19] {Threei}  you tell'em Gibbs
[15:20] {Les} vad bidu read?
[15:20] {Threei}  can't
[15:20] {Les} .50 with market break?
[15:20] {Threei}  tried
[15:20] {Les} k
[15:20] {Threei}  doubtit
[15:22] {davd} think that press sec put a damper on the market?
[15:23] {Threei}  nah
[15:23] {Threei}  no one cares at this point what they think
[15:23] {Threei} Short Setup: CAT  .70 break half lot
[15:25] {RonS} out hos .38
[15:25] {davd} out hos
[15:25] {davd} .3
[15:26] {davd} :(
[15:32] {dino} stop to .40 hos
[15:34] {dino} out +.40
[15:35] {Threei} Short Setup: CAT  .90 break half lot
[15:37] {Threei}  out
[15:42] {Threei}  looks like CAT explosion coming
[15:43] {Threei}  I mean iksplozhion
[15:44] {Threei}  ISLN Talks with EMC are fizzling - WSJ Deal Journal citing sources
[15:44] {Threei}  - Takeover interest in the company has slowed down, and disagreement exists on price, according to WSJ sources
[15:45] {Threei}  look at VXX
[15:45] {Threei}  can you believe the price?
[15:48] {nemo} Cat short vad?
[15:49] {Threei}  strangely, doesn't show any wekaness with market
[15:49] {Threei}  nor weakness
[15:49] {Threei}  chewed through huge resistance
[15:55] {Threei}  here comes CAT iksplozhion
[15:56] {Les} crap look at GLD
[15:57] {Threei}  buying in fear to miss another gap
[15:59] {Les} ok c u's tomorrow
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a good evening
[15:59] {Threei}  see you tomorrow
[15:59] {larisa} bye :)
[16:00] {Threei}  XAU/USD Spot gold extends to fresh record high above $1,392 (related GLD )